UNCTAD Urges Complete Africa Debt Write-Off
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Africa's debt must be completely written  off if the continent is to have a chance of meeting  international goals on reducing poverty, a United Nations body  argued on Thursday.
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The head of the World Bank asks IMF member countries to allow Liberia's long-standing debts to be paid off.
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UK chancellor Gordon Brown says the G7 should offer poor countries 100% debt relief by the end of the year.
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The United Nations Conference on Trade and Development, UNCTAD, is calling on creditors to cancel sub-Saharan Africa&#39;s multibillion-dollar debt.
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BRITAIN is to write off its share of debts owed by the worldâs poorest countries to the World Bank, Chancellor Gordon Brown will announce tomorrow.
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Britain has announced it is ready to write off a substantial portion of debt owed by the world&#39;s poorest countries. Britain&#39;s Finance Minister, the Chancellor of the Exchequer, Gordon Brown, has told a meeting
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Chancellor Gordon Brown outlines his plans to increase aid to developing countries and eliminate debt owed by poorer nations
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German Chancellor Gerhard Schroeder on Wednesday said he plans to call on the Paris Club of aid donor nations to initiate a debt moratorium for tsunami-hit Somalia and Indonesia.
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The United Nations Conference on Trade and Development (UNCTAD) 2004 report on economic development in Africa has criticised the eligibility and debt sustainability criteria of the HIPC initiative, saying they are arbitrary and lacks objectivity.
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United Nations food agencies on Wednesday called for global backing for a "Green Revolution" in Africa to help the continent build stable agricultural systems and rescue tens of millions of people from poverty.
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The Group of Eight industrial powers ended their annual summit Friday by pledging 60 billion dollars to fight AIDS in Africa and warned Iran and North Korea over their nuclear programmes.
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The world&#39;s richest nations need to show greater commitment towards Africa, Prime Minister Tony Blair said Thursday, amid concern that pledges on aid and development were falling short.
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African leaders and heads of international agencies on Friday urged the African Union&#39;s development program NEPAD to move forward to help accelerate the continent&#39;s integration and growth.
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Rich nations failed to agree at meetings this weekend on a plan for canceling the debts the world&#39;s poorest countries owe to the World Bank and International Monetary Fund.
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Nearly all member states are behind in their payments to the African Union while accounting methods in the organisation are systematically flawed, a meeting of AU foreign ministers heard Saturday.
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Nigerian President Olusegun Obasanjo implored dozens of fellow African leaders Sunday to work together to overcome the poverty, disease and conflict afflicting the world's poorest continent.
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DURBAN, South Africa  - Developing countries have pledged to band together to force the West to help tackle their problems, ranging from poverty to reform of the United Nations.