Probe International

(January 7, 2005) The Group of Seven (G-7) industrialized nations have agreed to an immediate moratorium on debt interest repayments by countries hit in the Boxing Day tsunami disaster.

(January 7, 2005) Group of Seven finance ministers have struck an agreement to suspend tsunami-afflicted nations’ debt repayments, they said in a statement on Friday.

(January 7, 2005) UK’s Gordon Brown gets industrialised countries to agree to freeze repayments.

(January 6, 2005) The UN was picked by the nations that suffered from the tsunami in the Indian Ocean as the leader of the relief operations.

(January 6, 2005) While debt forgiveness has a place in international aid, such a very general measure is not the appropriate response to the very specific needs created by the Asian tsunami: comment.

(January 6, 2005) The International Monetary Fund and World Bank on Thursday came out in favour of a debt moratorium for the countries worst hit by the Indian Ocean tsunami.

(January 6, 2005)Gordon Brown has reiterated his call for a new form of Marshall plan to deliver “a once in a generation opportunity” to eliminate global poverty.

(January 6, 2005) Tsunami funds could mean less elsewhere.

(January 5, 2005) UK Chancellor Gordon Brown wants the world’s richest nations to freeze foreign debt repayments for countries hit by the Asian tsunami disaster. The move would allow such countries to focus money on reconstruction.

(January 5, 2005) The Jubilee Debt Campaign and the World Development Movement called for debt to be cancelled as “the most effective way to fund the long-term alleviation of poverty, not just as a response to a disaster”.

(January 5, 2005) The Paris Club, a 19-member private creditor that offers debt relief, have begun deliberating whether or not to offer a debt moratorium to the countries affected by the disaster.