G7 Nations Pledge Debt Relief for Africa
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The Group of Seven wealthy nations  pledged to increase Third World debt relief on Saturday but a  deal struck after major disagreements fell short of proposals  floated by British finance minister Gordon Brown.
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BRIGHTON, England  - Britain will provide more debt relief for the world's poorest countries and challenge other rich countries to do the same, Prime Minister Tony Blair's government said Sunday.
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With Africa lagging behind in  global development goals and rich countries cutting aid,  leaders of multilateral financial institutions decided on  Friday it was time to mobilize resources to reduce extreme  poverty on the continent.
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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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The Group of Seven finance ministers and central bank governors gathering in Tokyo on Saturday will reaffirm their determination to ensure financial stability, according to a draft G7 statement obtained by Reuters.
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LONDON -- The British government offered a sweeping plan yesterday for the Group of Seven nations to dramatically increase aid to the developing world and to forgive 100 percent of Africa's $70 billion in debt.
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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.
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The world's seven leading industrial nations called on Friday for freezing debt payments owed by countries devastated by the Indian Ocean tsunami.
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British finance minister Gordon Brown will say on Thursday he has full support from all the G7 industrialized nations to immediately freeze debt repayments from countries afflicted by the Asian tsunami disaster.
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Rich nations pledged an agreement soon on forgiving the debt burden weighing on poor nations in Africa, Latin America and Asia but remained divided on reducing billions of dollars of Iraqi debt.
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G8 leaders agree to spend $60bn (Â£30bn) fighting Aids in Africa, as their German summit draws to a close.
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The United States, Germany and other G7 nations agreed on Saturday to write off up to 80 percent of Iraq&#39;s $120 billion foreign debt in a move that could
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With Africa lagging behind in global development goals and rich countries cutting aid, leaders of multilateral financial institutions decided on Friday it was time to mobilize resources to reduce extreme poverty on the continent.
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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 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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Campaign groups welcomed a commitment by Britain to write off debts owed by the world's poorest nations to the World Bank ( news - web sites ), a move they said should pressure other Group of Seven rich ...
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Leaders of seven African countries sign a treaty to preserve their continent's vast but fragile rainforest.