Thank you for reading thecheers.org's Entertainment-News articles.

Debt relief for poorest nations may need more support

 article about Debt relief for poorest nations may need more support
As finance ministers from the world's richest nations gathered in London on Friday, Gordon Brown said he believed they could make progress towards "the biggest debt settlement the world has ever seen" in a plan to erase billions of dollars owed by the world's poorest countries to international lenders.

In Washington, the White House officially announced the the agreement, however, other nations have hinted that some nations may still need to be won over before endorsing the landmark formula for debt relief agreed on by Britain and the United States.

"Much is still to be done, but I think there is a will to do this," Brown said. The plan aims to free 18 nations, most in Africa, from obligations to repay an estimated $16.7 billion in debt to foreign lenders.



have your say
thecheers.org

Welcome to TheCheers! We've been around for a long time now, since 2004, publishing articles by people from all over the world. Roughly 300 people from 30 different countries have written for us over the years. Should you want to become a volunteer contributor, be sure to contact us!

Additional info

Some of our content may be related to gambling.


get in touch

You can contact us via the email you can find on our contact page, via telegram @thecheers, or through our The Cheers Facebook page. No real point in contacting us through The Cheers Twitter account.