Debts of tsunami countries could be frozen - news from ekklesia

Debts of tsunami countries could be frozen - news from ekklesia

By staff writers
4 Jan 2005

Debts of tsunami countries could be frozen

-04/01/05

The foreign debts owed by countries hit by the Asian tsunami disaster could be frozen, under a proposal being pushed by UK Chancellor Gordon Brown.

But, the Chancellor added, Africa should not lose out because of resources being diverted to the tsunami victims.

The statement comes after leading Christian relief and development agencies united as part of the Make Poverty History coalition, to urge the Government to make African debt cancellation a priority as the UK hosts the gathering of G8 leaders in July and assumes the presidency of the EU member states.

Debts of tsunami countries could be frozen

-04/01/05

The foreign debts owed by countries hit by the Asian tsunami disaster could be frozen, under a proposal being pushed by UK Chancellor Gordon Brown.

But, the Chancellor added, Africa should not lose out because of resources being diverted to the tsunami victims.

The statement comes after leading Christian relief and development agencies united as part of the Make Poverty History coalition, to urge the Government to make African debt cancellation a priority as the UK hosts the gathering of G8 leaders in July and assumes the presidency of the EU member states.

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