Zambia reaps benefit as G8 debt relief takes shape
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Zambian high school student  Bibian Phiri will conduct her first science experiment this  year -- a small but important breakthrough paid for by a  massive poverty relief plan for Africa.
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HEILIGENDAMM, Germany  - World powers on Friday pledged $60 billion to fight AIDS and other killer diseases ravaging Africa but development campaigners complained the Group of Eight had pledged little fresh cash for the poor.
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HEILIGENDAMM, Germany  - World powers on Friday pledged $60 billion to fight AIDS and other diseases ravaging Africa but development campaigners complained the Group of Eight had offered little fresh cash for the poor.
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Zambia began tallying ballots on Friday   after a huge turnout in close elections fought on President   Levy Mwanawasa's economic policies which are praised by the   West but have failed to lift millions out of poverty.
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Zambian President Levy Mwanawasa, re-elected in a poll which his main challenger says was rigged, begins his last term on Tuesday aiming to consolidate an economic programme that has won him praise from Western lenders.
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LONDON, Feb 2 (IPS) - Bold new proposals for debt relief for the poorest  countries will be put to the test at the G7 finance ministers  summit in London this weekend.
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Business & money: Â· We warned of trouble months ago, say chiefsÂ·  Loan to ailing lender reaches nearly Â£8bn
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A High Court judge rules that Zambia must pay a substantial sum to a so-called "vulture fund" in a debt dispute.
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Lusaka - Presidents from three African countries have laid wreaths to celebrate Zambia&#39;s 40th independence anniversary. Fighter jets flew overhead in a display of military might not seen in at least a decade.
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Developing countries were last night celebrating victory over the world&#39;s two largest economic blocs after the World Trade Organisation ruled against the European Union&#39;s sugar regime and the support given by the United States to its cotton farmers.
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Iraq cleared around &#36;81 million in debt it owed the International Monetary Fund late last week, fund sources said on Monday, opening the way for the first aid to flow from the global lender to Iraq.
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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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Debt campaigners attending this weekâs annual meeting of the World Bank and the International Monetary Fund (IMF) have expressed disappointment and outrage over the failure of the
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Britain will provide more debt relief for the world&#39;s poorest countries and challenge other rich countries to do the same, Prime Minister Tony Blair&#39;s government said Sunday.
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Zambia celebrated its 40th anniversary of independence from British rule Sunday with great pomp and splendor, including a wreath-laying ceremony at the Freedom Statue and a military parade.
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Zambia LUSAKA -- Populist opposition leader Michael Sata took an early lead in vote-counting in Zambia yesterday, but the final result remained uncertain in the battle for control of the copper-rich country. The election yesterday pitted Sata's vows for a more equitable distribution of wealth against the policies of President Levy Mwanawasa, which have won international praise but left millions ...
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The International Monetary Fund (IMF) has joined the increasing number of creditors willing to consider granting Indonesia debt relief to help cushion the massive financial impact of the Aceh and North Sumatra calamity.