Latest Heavily Indebted Poor Countries Stories

2005-12-19 17:37:41

By Laura MacInnis WASHINGTON (Reuters) - U.S. lawmakers on Monday urged the International Monetary Fund to erase the debts of 18 poor countries, as mandated by the Group of Eight nations, while aid groups warned the deal may be under threat. Six members of the House of Representatives Financial Services and International Relations panels, including Iowa Republican James Leach and California Democrat Maxine Waters, wrote to IMF Managing Director Rodrigo Rato urging the fund to cancel...

2005-08-03 00:16:53

By Lesley Wroughton WASHINGTON (Reuters) - The World Bank is calling for substantial changes in the highly-touted debt relief proposal for poor African countries agreed to at last month's Group of Eight summit. A World Bank staff report given to Reuters says the deal reached by leaders of G-8 industrialized nations -- the United States, Britain, Germany, France, Japan, Italy, Canada and Russia -- lacks sufficient compensation to the bank's low interest lending arm most affected by the debt...

Word of the Day
  • A beast of burden; also, a beast in general.
'Jument' ultimately comes from the Latin 'jugum,' yoke.