Content-Transfer-Encoding: |
8bit |
Sender: |
|
Subject: |
|
From: |
|
Date: |
Fri, 9 Dec 2005 08:52:57 -0800 |
Content-Type: |
text/plain; charset=iso-8859-1 |
MIME-Version: |
1.0 |
Reply-To: |
|
Parts/Attachments: |
|
|
IMF approves $4.8bn debt relief
Niger is one of the nations that stands to benefit from debt relief
The International Monetary Fund has approved a $4.8bn (£2.8bn) plan to cancel the debts of 20 of the world's poorest countries. It is part of the multilateral debt relief initiative agreed by leaders of the G8 industrialised states last July. With the World Bank and IMF they set a target of writing off $55bn of debts from the world's poorest nations. Around 70% of the debt is owed to the World Bank, while the rest is owed to the IMF and African Development Bank. The World Bank is expected to announce a $38bn debt relief package next week. Reduce corruption Among the countries benefiting are Benin, Bolivia, Burkina Faso, Cambodia, Ethiopia, Ghana, Guyana, Mali, Nicaragua, Niger, Rwanda and Tanzania. Most of them have qualified for the IMF debt relief by undertaking economic reforms and taking steps to reduce corruption. The aim of the debt relief initiative is to free poor nations from debt repayments and enable them to spend more money on improving living conditions
and reducing poverty. It is seen as a crucial step towards meeting the United Nations' millennium development goals of halving the number of people living in extreme poverty by 2015.
E-mail this to a friend Printable version
LINKS TO MORE BUSINESS STORIES
SelectProbe into Japan share sale errorGlobal corruption 'on the rise'LSE rejects 'derisory' takeoverRush for gold as price hits $530Russian-German gas link launchedFrench output has surprise tumbleZimbabwean inflation passes 500% [input]
LATEST NEWS
Government defends aid boost
African head defends agreement
G8 leaders agree $50bn aid boost
$3bn pledged to Palestinians
Summit police made 350 arrests
FEATURES & ANALYSIS
Was the G8 a success?
World leaders have a deal, but does it deliver?
Press struggles to focus on G8
London bombs make G8 impact
G8 climate deal plays on words
The G8 deal: What they said
Marchers provide hope for Africa
Inside the eco-camp
G8 summit diary: 8 July
BACKGROUND
Profile: What is the G8?
Guide: Africa's aid, trade & debt
Day-by-day guide to events
G8 COMMUNIQUES
G8 communiques in full (PDF)
HAVE YOUR SAY
G8 summit: Your views
UK interactive panel
VIDEO AND AUDIO
Reports and analysis
MORE ON THE ISSUES
In depth: London attacks
In depth: Africa 2005
In depth: Planet Under Pressure
SEE ALSO:
Debt deal hailed but details beckon
26 Sep 05 | Business
World Bank and IMF back debt deal
26 Sep 05 | Business
Lenders edge closer to debt relief deal
22 Sep 05 | Business
World Bank hopes on debt relief
22 Sep 05 | Business
G8 debt deal under threat at IMF
15 Jul 05 | Business
Africans on Africa: Debt
07 Jul 05 | Africa
RELATED INTERNET LINKS:
World Bank
IMF
The BBC is not responsible for the content of external internet sites
TOP BUSINESS STORIES NOW
Probe into Japan share sale error
Global corruption 'on the rise'
LSE rejects 'derisory' takeover
Rush for gold as price hits $530
getRssUrlStory('/rss/newsonline_world_edition/business/rss.xml') | What is RSS?
News Alerts
E-mail services
Mobiles/PDAs
BBC Copyright Notice
Back to top
Help
Privacy and Cookies Policy
News sources
About the BBC
Contact us
-1?'https:':'http:'; var _rsRP=escape(document.referrer); var _rsND=_rsLP+'//secure-uk.imrworldwide.com/'; if (parseInt(navigator.appVersion)>=4) { var _rsRD=(new Date()).getTime(); var _rsSE=1; var _rsSV=""; var _rsSM=1.0; _rsCL=''; } else { _rsCL=''; } document.write(_rsCL); //-->
---------------------------------
Yahoo! Shopping
Find Great Deals on Holiday Gifts at Yahoo! Shopping
¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤
To unsubscribe/subscribe or view archives of postings, go to the Gambia-L Web interface
at: http://maelstrom.stjohns.edu/archives/gambia-l.html
To Search in the Gambia-L archives, go to: http://maelstrom.stjohns.edu/CGI/wa.exe?S1=gambia-l
To contact the List Management, please send an e-mail to:
[log in to unmask]
¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤
|
|
|