World debates tsunami debt deal
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The Paris Club of rich lending nations is to discuss a proposed debt freeze for tsunami-affected countries.
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LONDON, Jan 6 (IPS) - World leaders need to cancel debts of poor tsunami-   hit countries rather than just freeze them for now, leading  campaigners  say.
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Australian PM John Howard expresses doubts about proposals for a debt freeze for tsunami-hit countries.
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Global leaders gathering in Jakarta to  discuss the tsunami that devastated countries around the Indian  Ocean will try to draw lessons from the disaster, including  looking at a future warning system.
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Italy called on Group of Eight rich nations on Thursday to discuss a joint response to the Indian Ocean tsunami catastrophe as moves to grant debt relief to some of the stricken countries gathered pace.
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The world's seven leading industrialized countries have agreed to support the suspension of debt payments by countries affected by the tsunami disaster, the British treasury announced.
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The world's richest nations are likely to agree to freeze debt repayments for countries devastated by the Indian Ocean tsunami, and some countries may have all or part of their debt written off, Britain's ...
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Club of sovereign lenders next meets on January 20 and it hopes it will free up more funds for reconstruction. The proposal came amid concerns over ballooning costs of reconstruction from the tsunami that killed over 45,000 people in Indonesia.
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LONDON: The world's rich industrialised nations stepped up their efforts yesterday to help Asian countries devastated by the tsunami by offering to freeze billions of dollars in debt repayments.
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PARIS/ROME  - Italy called on Group of Eight rich  nations on Thursday to discuss a joint response to the Indian  Ocean tsunami catastrophe as moves to grant debt relief to some  of the stricken countries gathered pace.
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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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U.S. officials held a conference call Sunday to discuss ways to help countries inundated by the Indian Ocean tsunami. A White House statement said aid had begun flowing to Sri Lanka and the Maldives.
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The world has pledged about $500 million to help tsunami survivors, relying on lessons from past disasters to expedite relief.
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The G7 group of industrialised nations, led by the UK, agrees to freeze debt repayments by tsunami-stricken countries.
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WASHINGTON -- World leaders meeting yesterday in the Indonesian capital promised more money, more cooperation, and a high-tech disaster early warning system in what UN Secretary General Kofi Annan called "a race against time" to save survivors of the deadly Asian tsunami and protect the region from future danger.
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World leaders are realising that big donations for tsunami aid can yield political benefits, says the BBC's John Simpson.
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As the World Bank and International  Monetary Fund assess economic costs to South Asian governments  of the cataclysmic tsunami, the current outpouring of aid could  mean international lenders won't need to step in with new  loans, economists said on Tuesday.