TITLE

G8 Agrees US$40bn Debt Relief Deal

PUB. DATE
August 2005
SOURCE
Africa Monitor: Southern Africa;Aug2005, Vol. 10 Issue 8, p1
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article informs that the Group of Eight (G8) countries have agreed to cancel 100% of the debts owed to multilateral institutions by 18 of the world's poorest countries. The G8 countries include Russia and the group of seven countries, that is, the U.S., Canada, Great Britain, Germany, France, Italy, and Japan. On June 11, 2005, the G8 countries agreed to take on 100% of the debts owed to the International Monetary Fund (IMF), the World Bank and the African Development Bank by the states which have reached completion point in the IMF/World Bank Heavily Indebted Poor Countries programme.
ACCESSION #
17651905

 

Related Articles

  • THE GREAT DEBT SWINDLE. Toussaint, Eric // Ecologist;Jul/Aug2001, Vol. 31 Issue 6, p52 

    Explains why the debt cancellations announced by rich countries in 1999 have turned out to be a lie. Motivation behind the debt reduction program made by the World Bank, International Monetary Fund and Group of Seven countries; Rise in the debt payments of poor countries between 1996 and 1999;...

  • G8 Agrees US$40bn Debt Relief Deal.  // West & Central Africa Monitor;Aug2005, Vol. 6 Issue 8, p1 

    The article reports that on June 11, 2005 the G8 countries agreed to cancel 100% of debts owed to multilateral institutions by 18 of the world's poorest countries, 14 of which are in Africa. The total debt owed by the 18 amounted to U.S.$40bn. Under the terms of the deal, struck in London,...

  • Protesters speed up debt relief. Ford, Peter; Poolos, Alexandra // Christian Science Monitor;9/27/2000, Vol. 92 Issue 215, p1 

    Reports on an announcement by the International Monetary Fund (IMF) that it will double the number of countries which qualify for a debt-relief program. Activism of protesters outside the 2000 annual meetings of the IMF and World Bank in Prague, Czech Republic; Celebrities that support debt...

  • ON CONDITION.  // Canada & the World Backgrounder;Mar2005 Supplement, Vol. 70, p27 

    Focuses on structural adjustments implemented by the International Monetary Fund and the World Bank in countries involved in their debt relief programs. Economic changes in a country due to structural adjustments; Criticisms of aid activists against structural adjustments; Views of the Make...

  • The HIPC Initiative: A Collaborative Effort to Disentangle Poor Countries from Debt-Poverty Trap. Godwin, Moye // PA Times;Mar2007, Vol. 30 Issue 3, Special section p4 

    The article reports on the launch of the Highly Indebted Poor Countries by World Bank and International Monetary Fund as a comprehensive plan to disentangle selected least developed countries from the debt-poverty trap. The initiative is intended to provide recipients with sufficient debt relief...

  • Cologne Debt Initiative Falls Short. Henriot, Peter J. // America;08/14/99, Vol. 181 Issue 4, p18 

    Presents the perceptions of the debt relief package agreed to by the Group of Seven leaders in Cologne, Germany. Interests of creditors and debtors; Major flaws that mark the Cologne Debt Initiative according to analysts in favor of debt cancellation; Conditions for a more equitable relief for...

  • `50 years is enough'. Vidulich, Dorothy // National Catholic Reporter;10/20/95, Vol. 32 Issue 1, p6 

    Reports that members of a coalition of United States religious organizations held a vigil in front of the World Bank on October 9, 1995, in Washington, D.C. Call for greater accountability of the World Bank and the International Monetary Fund; Cancellation of debts of poor nations.

  • Rich countries accused of breaking promises on debt. Logie, Dorothy // BMJ: British Medical Journal (International Edition);04/22/2000, Vol. 320 Issue 7242, p1095 

    Names the countries which receive debt cancellation under the terms of the enhanced Highly Indebted Poor Countries Initiative by the World Bank and the International Monetary Fund during their meeting in Washington, D.C. Predictions of the World Bank on economic conditions; Reluctance of the...

  • FOOD OR DEBT. Michael, Marie // Dollars & Sense;Jul/Aug2000, Issue 230, p15 

    Focuses on the efforts of the Jubilee 2000 movement and organizations to cancel debts owed by the world's poorest countries. Information on the Highly Indebted Poor Countries, a debt category created by the International Monetary Fund and World Bank in 1996; Actions taken by countries facing...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics