December 3, 2000 |
Britain announced Saturday that it will forgive more than $1.43 billion in debt from 41 of the world's most impoverished countries--provided that they can ensure the money goes toward health care, education and the alleviation of poverty. Treasury chief Gordon Brown said the move will help create a "virtuous circle of debt relief, poverty reduction and sustainable economic development."
April 11, 2000 |
Japan boosted its debt-relief program to 100% of the money owed to it by the world's poorest nations, the Foreign Ministry said. The announcement, just months before Japan is scheduled to play host to a Group of 8 summit of industrialized countries in July, affects loans that aren't part of Japan's Official Development Assistance program. Japan has already forgiven 100% of its Official Development Assistance loans.
April 10, 2000 |
Encouraged by shofar blasts and a trumpet fanfare, several thousand people formed a human chain around the U.S. Capitol in Washington to demand that wealthy nations show biblical forgiveness by canceling billions of dollars in debt owed by the world's most impoverished countries.
CALIFORNIA | LOCAL
October 24, 1998 |
The Rev. Ishmael Noko, general secretary of the Lutheran World Federation, has called on member churches in Latin America and the Caribbean to join the Jubilee 2000 Campaign seeking the forgiveness of Third World nations' foreign debts. The campaign was sparked in part by comments Pope John Paul II made in an apostolic letter setting forth his hopes for the Roman Catholic Church's celebration of the millennium and has been embraced by church leaders around the world.
November 29, 1997 |
The International Monetary Fund might consider selling bonds for the first time in an effort to meet its expanding role as the lender of last resort for the world's troubled economies, money managers and traders said Friday. Such a move would give the IMF additional resources to meet the growing need for money to assist faltering economies in Asia and the developing world, they said. "Intuitively, it sounds like a good plan," said Ben Mayer, who manages $1.
September 29, 1996 |
Finance officials from the seven wealthiest countries gave their approval to a debt relief plan for the world's poorest nations while expressing their satisfaction with overall prospects for the global economy. The debt relief measure, under consideration for two years, is designed to relieve up to $7.7 billion in debts of up to 20 of the most heavily indebted countries, many of them in Africa.