Monday, September 27, 2004

UK cancelling poor nations' debt

Labour Party Conference in Brighton started yesterday. Bono will be speaking at some point.

Today, the UK announced it will write off its share of debts owed by the world's poorest countries to the World Bank. The move will put pressure on other major creditors such as the US, Japan and Germany to follow suit at meetings of the IMF and World Bank later this week.

France and Canada are already understood to be planning similar announcements. Full Story

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