G8 CUTS BILLIONS OF DOLLARS OF POOREST COUNTRIES' DEBT
Tema(s): En: Financial Times 19-20 jun. 1999, p. 1Resumen: The Group of Eight nations yesterday agreed to cut billions of dollars from the debt burdens of the world's poorest countries. But the deal met with scepticism from debt campaigners who today are organising tens of thousands of people into a human chain around the Cologne venue of the annual G8 economic summit. At the summit yesterday, the heads of government of the Group of Seven leading industrialised nations plus Russia agreed to cut the 71bn poor country debt stock remaining after traditional relief arrangements by a further 27bn. These calculations are based on net present value - the amount which would be needed if the debt had to be paid off today in a lump sum. The cash value of debt will be reduced by a further 20bn through the forgiveness of aid-related loans.| Tipo de ítem | Biblioteca actual | Signatura topográfica | Info Vol | Estado | Fecha de vencimiento | Código de barras | |
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Analítica de Seriada
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BIBLIOTECA ECONÓMICA BCE - QUITO | RESUM-021738 (Navegar estantería(Abre debajo)) | Financial Times. 19-20 jun. 1999, p. 1 | Disponible |
The Group of Eight nations yesterday agreed to cut billions of dollars from the debt burdens of the world's poorest countries. But the deal met with scepticism from debt campaigners who today are organising tens of thousands of people into a human chain around the Cologne venue of the annual G8 economic summit. At the summit yesterday, the heads of government of the Group of Seven leading industrialised nations plus Russia agreed to cut the 71bn poor country debt stock remaining after traditional relief arrangements by a further 27bn. These calculations are based on net present value - the amount which would be needed if the debt had to be paid off today in a lump sum. The cash value of debt will be reduced by a further 20bn through the forgiveness of aid-related loans.
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