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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LONDON: The world's rich industrialised nations stepped up their efforts yesterday to help Asian countries devastated by the tsunami by offering to freeze billions of dollars in debt repayments.
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Finance chiefs from the biggest  developing economies on Saturday pushed the Group of Seven (G7)  industrialized nations for a seat at the high table of global  economic policy making.
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The Government is poised to divert an extra Â£100 pounds a year of financial aid relief to help some of the world&#39;s most impoverished countries deal with interest payments and perennial debt, according to press reports.
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Britain plans to spend an extra Â£100 million (NZ$273.74 million) a year on debt relief for some of the world&#39;s poorest countries, the Guardian newspaper reported today.
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Britain will be seeking approval from the United States for its grand plan to help alleviate poverty in Africa when finance ministers from the Group of Seven industrialised nations convene here Friday and ...
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Britain's visiting Chancellor of the Exchequer Gordon Brown was set to sign a debt relief pact with Tanzania in a bid to jumpstart London's proposal for a "new Marshall plan" to help ease African nations' chronic poverty and help them fund development projects.
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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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Wealthy nations will discuss absolving poor countries of loan payments at Friday's G-7 summit.
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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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The United States, Germany and other G7  nations agreed on Saturday to write off up to 80 percent of  Iraq's $120 billion foreign debt in a move that could pave the  way for a wider international accord, officials said.
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Britain is prepared to write off a portion of debts owed by poor nations, and will challenge other rich countries to do the same, officials said Saturday.
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WASHINGTON, Oct 1 : Top finance officials of the Group of Seven industrial powers opened talks in Washington, expected to focus on issues such as oil prices, China&#39;s currency, Iraq and the debt crisis of the world&#39;s poorest countries.
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Britain has announced it is ready to write off a substantial portion of debt owed by the world&#39;s poorest countries. Britain&#39;s Finance Minister, the Chancellor of the Exchequer, Gordon Brown, has told a meeting
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Group of Seven finance ministers and central bankers will be joined by representatives from China for the first time at the G7 October 1 meeting in Washington, a US official said.
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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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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.