Paris Club to Agree Tsunami Debt Freeze
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The Paris Club of creditor nations will agree Wednesday to freeze debt repayments of countries hit by the Asian tsunami, French Finance Minister Herve Gaymard said.
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The chancellor presses the G8 to freeze all debts owed by countries hit by the Asian tsunami disaster.
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German Chancellor Gerhard Schroeder called on the Paris Club of creditor nations Wednesday to suspend debt repayments from countries ravaged by this week&#39;s earthquake and tsunamis
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The Paris Club of creditor nations agreed on Sunday to cancel 80 percent of the debt Iraq owes its members, ending a trans-Atlantic dispute and
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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
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Chancellor Gerhard Schroeder said Wednesday that Germany would propose a debt moratorium for tsunami-hit nations Indonesia and Somalia when the Paris Club of sovereign lenders next meets on Jan. 20.
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The G7 group of industrialised states, led by the UK, is set to back a moratorium on debt repayments from countries hit by the Asian tsunami.
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The tsunami that crashed into coastlines across southern Asia is likely to present the United Nations with its biggest and costliest relief effort, the U.N. emergency relief coordinator said on Monday.
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Iraq&#39;s main creditors at the Paris Club have reached an agreement to cancel 80 percent of the debt owed to them by Baghdad, a Paris Club source said Saturday.
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The G7 nations, led by the UK, agree to freeze debt repayments from countries hit by the Asian tsunami.
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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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The Paris Club of creditor states will  agree Wednesday to freeze debt repayments owed by countries hit  by the Asian tsunami, French Finance Minister Herve Gaymard  said.
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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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International organisation and countries are poring in relief and over $500 million have already been pledged. This includes $250 million for tsunami relief offered by the World Bank on Thursday.
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Canada on Thursday put in place a unilateral debt moratorium for nations hit by the Asian tsunami catastrophe with "immediate effect," said Foreign Minister Pierre Pettigrew.
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The Paris Club is due to approve on Wednesday a moratorium on debt repayment for countries hit by the Asian tsunami disaster, French Finance Minister Herve Gaymard said.
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Paris - The Paris Club of creditor nations, with the exception of Russia, has reached an agreement in principle to slash debts Iraq owes to the group by up to 80%, a well-placed official said on Sunday.