Finance Chiefs Fail to Agree on Debt Relief. Warren Vieth and Emma Schwartz.
by Vieth, Warren; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2005Article 19Business. Publisher: Los Angeles Times, 2004ISSN: 1522-3191;.Subject(s): Debt cancellation | Debts -- External -- Developing countries | Developing countries -- Economic conditions | Group of Seven | International Monetary Fund | Summit meetingsDDC classification: 050 Summary: "World finance leaders, struggling to find a way to help the world's poorest countries get out from under huge debts, did not reach agreement Saturday [Oct. 2, 2004], but promised to devise a new plan by year's end. In a status report midway through weekend meetings of the International Monetary Fund and World Bank, British finance minister Gordon Brown cited a 'growing consensus' among wealthy nations that additional debt relief must come quickly....Yet the pledges and counterproposals could not mask the discouragement of debt-relief advocates who had hoped a more concrete plan would materialize to lighten the debt load of the world's poorest countries, most of them in sub-Saharan Africa." (LOS ANGELES TIMES) This article reports that "although wealthy nations appeared unanimous in the support for the principle of Third World debt relief, they remained divided over the means."| Item type | Current location | Call number | Status | Date due |
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High School - old - to delete | REF SIRS 2005 Business Article 19 (Browse shelf) | Available |
Articles Contained in SIRS Enduring Issues 2005.
Originally Published: Finance Chiefs Fail to Agree on Debt Relief, Oct. 3, 2004; pp. n.p..
"World finance leaders, struggling to find a way to help the world's poorest countries get out from under huge debts, did not reach agreement Saturday [Oct. 2, 2004], but promised to devise a new plan by year's end. In a status report midway through weekend meetings of the International Monetary Fund and World Bank, British finance minister Gordon Brown cited a 'growing consensus' among wealthy nations that additional debt relief must come quickly....Yet the pledges and counterproposals could not mask the discouragement of debt-relief advocates who had hoped a more concrete plan would materialize to lighten the debt load of the world's poorest countries, most of them in sub-Saharan Africa." (LOS ANGELES TIMES) This article reports that "although wealthy nations appeared unanimous in the support for the principle of Third World debt relief, they remained divided over the means."
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