Debt relief on G7 agenda
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Finance ministers from the G7 end a two-day meeting in London by discussing debt relief and the weak dollar.
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International momentum was building in support of debt relief for tsunami-hit nations on Wednesday after Japan backed the idea despite Australian concerns a debt freeze might not benefit those most in need.
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The world's leading economies pledged on Saturday to work together to secure stability in volatile markets but brushed off the idea of a single uniform remedy for the Group of Seven industrialized nations.
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Description: The world&#39;s economic leaders indicate support for the idea of forgiving the debt of the world&#39;s poorest countries.
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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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British Finance Minister Gordon Brown urged rich nations to provide extensive debt relief to developing countries to help them in their efforts to eradicate poverty.
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The International Monetary Fund will look into using its huge gold reserves to help finance debt relief for the world's poorest countries on the urging of the Group of Seven rich nations, ministers said on Saturday.
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The United States, Germany and other G7 nations agreed on Saturday to write off up to 80 percent of Iraq's &#36;120 billion foreign debt in a move that could pave the way for a wider international accord, officials said.
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The G7 wealthy nations on Saturday predicted solid economic growth and subdued inflation this year while repeating currency declarations that some economists believe could limit the dollar's decline.
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Britain, which holds the presidency of the G8 bloc of leading industrialized nations, wants to reach agreement by mid-January on reducing the debt of the countries hit by the tsunami in Asia, the Financial ...
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The United States, Germany and other G7  nations agreed Saturday to write off up to 80 percent or $33  billion of Iraq's Paris Club debt, which could pave the way for  a wider international accord, officials said.
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Rich countries are likely to back Britain's bid to channel more debt relief and resources to Africa, which is ready to shake off the shackles of poverty, British finance minister Gordon Brown said.
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Britain will use its presidency of the G8 industrialised nations to push for a modern day Marshall Plan delivering full debt relief, trade benefits and financial assistance for highly impoverished countries, Chancellor of the Exchequer Gordon Brown said.
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The UK is to pay off 10 percent of the money owed by the world&#39;s poorest countries to the World Bank and the African Development Bank in an attempt to free them from &quot;the shackles of debt&quot;, British Finance Minister Gordon Brown was to announce today.
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By Sabyasachi Mitra and Natsuko Waki LONDON  - Finance chiefs from the biggestdeveloping economies on Saturday pushed the Group of Seven (G7)industrialized nations for a seat at the high table of globaleconomic policy making.
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Russia pledged on Tuesday to write off  an additional $500 million of African debt, just days before a  Group of Eight summit where Germany will push rich nations to  deliver on promises to help Africa.
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Finance chiefs from the biggest developing economies on Saturday pushed the Group of Seven (G7) industrialised nations for a seat at the high table of global economic policy making.