Monday, Jan 17, 2005
Monday, Jan 17, 2005 |
| International | ||||
|
News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
Advts: Classifieds | Employment | International
MAPUTO (MOZAMBIQUE), JAN. 16. Britain has cancelled Mozambique's debt of $150 million and said it will pay a percentage of the impoverished country's other foreign debt to aid development and fight poverty. ``This gesture will contribute to the development of education and health sectors,'' the Mozambique Prime Minister, Luisa Diogo, said after talks with Britain's visiting Treasury chief, Gordon Brown, and outgoing President Joaquim Chissano. Mr. Brown, who announced cancellation of the debt to Britain, said his Government is also offering to pay 10 per cent of Mozambique's multilateral debt owed to the World Bank, the International Monetary Fund and the African Development Bank. The total debt is $2 billion. He said Britain was trying to end debt repayments by poor nations.
Appeal for commitment
Mr. Brown is on a trip to Africa, stepping up his appeal for greater international commitment to tackling global poverty. Britain has made improving the continent's plight a priority for its presidency of the G-8 and European Union this year. Mr. Brown hopes to use his tour of Kenya, Tanzania, Mozambique and South Africa to renew calls for debt relief for the world's poorest countries. He has called for half a trillion dollars in aid for poor nations over the next 10 years — likening the initiative to the U.S. Marshall Plan that rebuilt Europe after World War II. He is urging other countries to back his proposal for donors from richer nations raising funds on the international markets. — AP
Printer friendly
page
News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|
