France Backs Debt Delay for Quake-Hit Countries
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French President Jacques Chirac said the Paris Club of 19 creditor nations should delay debt- repayments by Indonesia and Somalia following the Dec. 26 earthquake and tsunamis that have
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One-upping the United States, France nearly doubled its aid pledge for tsunami victims to &#36;57 million Thursday and briefly claimed the role as leading donor nation, following barbs from Washington about French generosity.
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DAVOS, Jan 27 (IPS) - International Monetary Fund managing director  Dominique Strauss-Kahn has proposed a global fiscal stimulus to  prevent economic contagion from the worsening housing and credit  market crisis in the United States.
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Governments around the world, as well as non-profit organizations, are pledging support for victims of Sunday&#39;s massive earthquake and resulting tsunamis that have affected more than a million
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French President Nicolas Sarkozy said in an interview published Saturday he will support the candidacy of former socialist minister Dominique Strauss-Kahn to head the International Monetary Fund.
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German Chancellor Gerhard Schroeder called on creditor nations Wednesday to suspend debt repayments from Indonesia and Somalia to help in their recovery from the quake-tsunami disaster.
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PARIS, Jan 4 (IPS) - French President Jacques Chirac has called for a  moratorium on repayment of foreign debt for countries hit by the  tsunami.
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France will donate 45 million euros (61 million dollars) toward disaster relief in the Indian Ocean, in addition to money donated privately by individuals, companies and organizations, Foreign Minister Michel ...
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The European Commission pledged an  additional 350 million euros ($462 million) over three years on  Thursday to relief efforts for the devastating Dec. 26 Indian  Ocean earthquake and tsunami.
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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 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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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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At meetings of the World Bank and the International Monetary Fund the French said non to the US proposal of writing off 90-95 per cent of Iraqâs $12bn of bilateral debt.
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The Paris Club of creditor nations reached an agreement on Wednesday to freeze debt repayments of countries hit by the Asian tsunami to help them recover.
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PARIS, Jan 17 (IPS) - The richer nations have made much of the freeze  they have offered on debt repayments from tsunami-hit countries,  but many of the affected countries do not seem to want this  concession.
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Chancellor Gerhard Schroeder said Wednesday that Germany would propose a debt moratorium for tsunami-hit nations Indonesia and Somalia when the Paris Club of sovereign lenders next meets on Jan. 20.
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The IMF says unrest in Haiti forces it to postpone talks on an emergency loan for the stricken country.