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Debt freeze for tsunami nations
Summary from multiple countries, from articles in English
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The decision by the Paris Club of 19 creditor nations to offer a freeze on interest payments to Tsunami-affected nations could raise more questions than it answers. (article 9)
Concerns continue to grow over Indonesian efforts to exert more control over aid operations in Aceh province, which was devastated by the December 26 tsunamis. (article 8)
An organization made up of the world's wealthiest nations has offered to give any country hit by the Dec. 26 tsunami a temporary holiday from debt repayments worth billions of dollars. (article 5)
Paris Club President Jean-Pierre Jouyet said the group of 19 wealthy nations including the United States would allow any country directly affected by the Dec. 26 Indian Ocean earthquake and tsunami to halt debt repayments if they wanted to. (article 4)
" The suspension takes effect immediately Jouyet told a news conference after talks in Paris, adding that no conditions were attached and the group was waiting to hear which countries would accept the offer. (article 6)
Others say the debt moratorium is ill-conceived, designed to reflect well on the world's richest countries while achieving little for the world's poorest. (article 2)
The stock market in Jakarta has seen its biggest slide in a month, after the country doubled the likely cost of rebuilding from the Asian tsunami. (article 11)
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Summary from United States, from articles in English
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The Paris Club of creditor nations reached an agreement Wednesday to freeze debt repayments of countries hit by the Asian tsunami, the Club's president said. (article 4)
French Finance Minister Herve Gaymard had earlier on Wednesday told the Paris Club the Group of Seven rich industrial nations believed a debt moratorium was vital, and he expected Indonesia, Sri Lanka and the Seychelles to accept the deal. (article 4)
G7 PRESSURE FOR DEAL Indonesian Foreign Minister Hassan Wirajuda, whose country was the hardest hit by the tsunami, had welcomed the prospect of a debt freeze deal but also said Jakarta needed more donations to cope with the disaster. (article 4)
" The suspension takes effect immediately Paris Club President Jean-Pierre Jouyet told a news conference after talks in Paris, adding that no conditions were attached and the group was waiting to hear which countries would accept the offer. (article 3)
The world's wealthiest nations intend to give tsunami-devastated countries a "breath of oxygen" by letting them halt repayments on billions of dollars of debt, officials said Wednesday. (article 1)
Jouyet said the group of 19 wealthy nations including the United States would allow any country directly affected by the Dec. 26 Indian Ocean earthquake and tsunami to halt debt repayments if they wanted to. (article 2)
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Source articles
- Have Your Say (BBC News, 01/12/2005, 6438 words)
- Will debt relief make a difference? (BBC News, 01/11/2005, 685 words)
- Paris Club finalizing details of debt moratorium for tsunami-hit countries (sfgate.com, 01/12/2005, 659 words)
- Paris Club of creditor nations offers to let tsunami-hit nations freeze debt repayments (sfgate.com, 01/12/2005, 656 words)
- CBC News: Tsunami-hit countries offered debt moratorium (cbc.ca, 01/12/2005, 304 words)
- Paris Club OKs Tsunami Debt Freeze Deal (boston.com, 01/12/2005, 674 words)
- Paris Club reaches agreement on tsunami debt freeze (money.cnn.com, 01/12/2005, 545 words)
- Jakarta toughens aid restrictions (CNN, 01/13/2005, 746 words)
- Will debt relief work? (BBC News, 01/13/2005, 385 words)
- Debt freeze for tsunami nations (BBC News, 01/13/2005, 425 words)
- Tsunami cost hits Jakarta shares (BBC News, 01/10/2005, 254 words)
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Source articles
- Paris Club finalizing details of debt moratorium for tsunami-hit countries (sfgate.com, 01/12/2005, 659 words)
- Paris Club of creditor nations offers to let tsunami-hit nations freeze debt repayments (sfgate.com, 01/12/2005, 656 words)
- Paris Club OKs Tsunami Debt Freeze Deal (boston.com, 01/12/2005, 674 words)
- Paris Club reaches agreement on tsunami debt freeze (money.cnn.com, 01/12/2005, 545 words)
- Jakarta toughens aid restrictions (CNN, 01/13/2005, 746 words)
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Other stories about Aid, Aceh and Indonesia:
Story keywords
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Aid, Aceh, Indonesia, debt, tsunami |
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blaster@cs.columbia.edu
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