IMF committee backs debt erasure

[gilliam]

IMF committee backs debt erasure

http://newsimg.bbc.co.uk/media/images/40838000/jpg/_40838384_girl-afp-203x300.jpg Mali is one of the 18 poorest nations due for debt erasure

A deal by the world’s richest states to erase debt of up to $55bn (£31bn) owed by the poorest has been backed by one of the main international lenders.

The International Monetary Fund’s panel said in Washington it had approved all elements of the deal, which now goes to its twin institution, the World Bank. Leaders of the G8 club of leading industrial states proposed the move at the Gleneagles summit in July.

news.bbc.co.uk/2/hi/business/4277042.stm

 

[Milliardo]

Is this a dream come true for our late Pope, John Paul II? He has long advocated to have the debts of the poorest nations be written off, and it seems that now this is fulfilled, at least partially…

 

[Ani_Ibi]

Link?

 

[Milliardo]

Here you go: news.inq7.net/world/index.php?index=1&story_id=51393 Actually this is already a follow-up to the news about the IMF writing off the debt of the 18 poorest nations.