Brown to write off Third World debt
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BRITAIN is to write off its share of debts owed by the worldâs poorest countries to the World Bank, Chancellor Gordon Brown will announce tomorrow.
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Chancellor Gordon Brown will outline his plans to increase aid to developing countries and eliminate their debt.
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Chancellor of the Exchequer Gordon Brown said that finance ministers from the Group of Seven rich nations had for the first time expressed firm willingness to provide as much as 100 percent debt relief for the world's poorest countries.
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The &quot;scandal&quot; of poverty and AIDS must be resolved by the international community, Chancellor of the Exchequer Gordon Brown has written in a newspaper article.
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Britain will use its presidency of the G8 industrialised nations to push for a modern day Marshall Plan delivering full debt relief, trade benefits and financial assistance for highly impoverished countries, Chancellor of the Exchequer Gordon Brown said.
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British Prime Minister Gordon Brown set out his plan to reform the international financial system and restore stability to markets around the world in a Financial Times comment piece Friday.
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Gordon Brown will this week be urged to intervene on behalf of Argentina at the International Monetary Fund and write off much of the embattled country&#39;s $100 billion-worth of debts.
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GORDON BROWN faces having to raise taxes or cut spending to curb burgeoning public borrowing, the Organisation for Economic Co-operation and Development said yesterday.
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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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George Bush and Gordon Brown are heading for a dramatic showdown at the G7 summit in Washington this week over plans to write off developing countries&#39; debt.
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Chancellor Gordon Brown says rich countries have a 'moral duty' to tackle world poverty
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Major economic powers agreed Sunday to write off more than &#36;31 billion in debt for Iraq in a deal that boosted U.S. efforts to help put the Iraqi economy back on its feet.
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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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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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Prime Minister Gordon Brown set out his plan to reform the international financial system and restore stability to markets around the world in a Financial Times comment piece Friday.
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The UK is to pay off 10 percent of the money owed by the world&#39;s poorest countries to the World Bank and the African Development Bank in an attempt to free them from &quot;the shackles of debt&quot;, British Finance Minister Gordon Brown was to announce today.
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Britain will seek Washington's support  to help it achieve goals on global poverty reduction, debt  relief and fair trade during London's G8 presidency next year,  finance minister Gordon Brown said Wednesday.