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09/26/2004:

"Brown to bail out world's poorest"

Britain is to pay off 10% of the money owed by the world's poorest countries to the World Bank and the African Development Bank in an attempt to free them from "the shackles of debt", Gordon Brown will announce tomorrow.

The chancellor will tell a fringe meeting on the eve of Labour's annual conference in Brighton that the department of international development will earmark at least £100m a year to meet the interest payments and principal owed by more than 30 nations.

Alarmed that previous initiatives on debt relief have failed to provide a lasting solution to the problem, Mr Brown will challenge other rich countries to follow Britain's lead when he attends the annual meeting of the World Bank and International Monetary Fund in Washington next week.

Full Article : guardian.co.uk

Britain should pay Reparations