At IMF, US bows to pressure to forgive debt
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WASHINGTON With public pledges and in private conversations, Britain managed to smoke out the United States and win its commitment to the full forgiveness of the debts of the poorest countries during the annual meetings of the World Bank and the
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The United States has erased over $ 4 billion of Iraqi foreign debt. It is also urging all other nations to join the effort to cancel the debt racked up under former Iraqi leader Saddam Hussein.
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Pressure is building on European countries to seriously consider forming a single voice within the IMF after the financial institution decided to give more say to emerging economic powers, experts said.
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THE administration of US President George W Bush will agree to write off the $US4.1 billion ($5.4 billion) worth of debt Iraq racked up during the regime of Saddam Hussein.
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17 December 2004 (NCA) -- The United States formally wrote off all of its $4.1 billion in Iraqi debt and urged other nations to follow the example.
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How the world adapts to slowing US growth is a key issue for the global economy, the IMF says.
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A deal to forgive a large chunk of Iraq&#39;s external debt could finally be announced this week after key creditor nations came to an agreement at the weekend ending months of stalemate.
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BERLIN/PARIS  - The United States and Germany  brokered a multi-national agreement on Saturday to forgive up  to $33 billion of Iraq's debts, helping mend ties strained by  the Iraq war.
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A US Treasury Department spokesman on Monday gave a positive, though muted, reception to a British proposal to ease the debt of heavily indebted poor countries, which was unveiled over the weekend.
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WHITE HOUSE President Bush is pledging to "take on" the nation's huge deficits -- in hopes of shoring up the sagging U-S dollar.
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The United States on Sunday applauded the decision by the Paris Club on slashing Iraq&#39;s debts and urged other countries to follow suit.
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WHITE HOUSE President Bush is pledging to &quot;take on&quot; the nation&#39;s huge deficits -- in hopes of shoring up the sagging US dollar.
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Pressure mounted on Sunday on a  clutch of mainly developing countries to sign off on debt  relief for Liberia held up over how to finance the  International Monetary Fund's portion of the deal.
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WASHINGTON -- The United States yesterday forgave $4.1 billion Iraq owed it and urged other nations not part of an international debt relief agreement to follow suit.
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The US cancels all the debt owed to it by Iraq and calls on other countries to do the same.
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Belarus has fully repaid its debt to the International Monetary Fund. The last payment due to the fund was made on February 1, the press service of the Belarusian finance ministry has reported to RBC.
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The United States and its major economic allies struggled yesterday to resolve deep differences over how best to relieve the heavy debt burden for Iraq and the world&#39;s poorest countries.