Paris Club Agrees Tsunami Debt Freeze
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The Paris Club of creditor nations  reached an agreement Wednesday to freeze debt repayments of  countries hit by the Asian tsunami, the Club's president said.
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Venezuela will give Haiti US$1 million (euro810,000) to help the French-speaking Caribbean country recover from Tropical Storm Jeanne, which left at least 620 people dead and caused major damage last weekend, an official said
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Club of sovereign lenders next meets on January 20 and it hopes it will free up more funds for reconstruction. The proposal came amid concerns over ballooning costs of reconstruction from the tsunami that killed over 45,000 people in Indonesia.
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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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Spain will ask the Paris Club to grant a debt moratorium for the tsunami-hit countries, said the Spanish government on Wednesday.
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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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Canada announced a debt payment moratorium on Thursday for countries struck by the Indian Ocean tsunami, and said it would speak with other creditor nations about offering relief.
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The Paris Club of creditor nations will agree Wednesday to freeze debt repayments of countries hit by the Asian tsunami, French Finance Minister Herve Gaymard said.
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Nineteen countries, including Australia, have agreed to cancel 80 per cent of the debt Iraq owes them. The deal secured for the Paris Club of creditor nations ends a trans-Atlantic dispute and probably sets
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The Paris Club is due to approve on Wednesday a moratorium on debt repayment for countries hit by the Asian tsunami disaster, French Finance Minister Herve Gaymard said.
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Britain, which holds the presidency of the G8 bloc of leading industrialized nations, wants to reach agreement by mid-January on reducing the debt of the countries hit by the tsunami in Asia, the Financial ...
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Credit and debit card providers have agreed to waive all charges on tsunami-related donations, an industry association said.
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German Chancellor Gerhard Schroeder said the Paris Club of 19 creditor nations should consider letting Indonesia and Somalia delay debt repayments to help them recover from the earthquake
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US Secretary of State Colin Powell has backed debt relief for Asian countries devastated by this week&#39;s killer tsunami, and said Washington was ready to play a major role in the long term recovery.
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The Paris Club of creditor nations, except for Russia, has agreed in principle to slash debts Iraq owes to the group by up to 80 percent, an official said Sunday.
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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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British finance minister Gordon Brown  said on Thursday he has full support from other major  industrialized nations to freeze debt repayments from countries  afflicted by the Asian tsunami disaster immediately.