WORLD: LOBBY GROUPS AT WTO CRITICISED

Article Abstract:

Lobbyists looking to cause trouble at the World Trade Organisation's (WTO) meeting are not helping developing countries with their actions, claimed the UK Secretary of State for International Development on 29 November 1999. Speaking in Seattle, Clare Short said that a number of the groups said to be working on behalf of developed nations were taking stances such as urging trade sanctions that would only marginalize such states. WTO ministers are aiming to establish an agenda leading to a negotiating round, which will revise rules governing global trade. However, lobby groups are claiming that the WTO is a capitalist body which is stopping nations from safeguarding their environments and is failing to protect jobs.

Foreign Trade (Exports & Imports), Political activity, World Trade Organization

---

WORLD: IMF TO SPEED UP DEBT RELIEF PACKAGE

Article Abstract:

Horst Kohler, the head of the International Monetary Fund (IMF), has promised to speed up the high profile debt relief package previously agreed by the G7 leaders. As a result some 20 poor countries will see a reduction in debt repayments by the end of the year 2000. Kohler has pledged that the obstacles that have previously delayed debt relieve will be tackled and interest payments will be cut. Countries expected to benefit from Kohler's announcement include Mali, Cameroon, Gambia, Chad, Guinea, Guyana, Guinea-Bissau, Malawi, Rwanda, Nicaragua and Zambia.

Kohler, Horst

---

WORLD: PRIVATE BANKS GET CRISIS RESOLUTION ROLE

Article Abstract:

A new framework is to be formulated by the International Monetary Fund (IMF) that would allow private banks the opportunity to become involved in resolving crises experienced by countries in financial difficulty. The private banks are currently not involved in crisis resolution and it is thought that the plans approved by the G7 countries will come into effect in around two years.

Commercial Banks, Commercial Banking, World, Banking industry, Finance, Brief Article, International aspects

Similar abstracts:

• Abstracts: WORLD: LACK OF FUNDS FOR UN HEALTH PROGRAMMES. UK: EXPORT CREDIT RULES AMENDED. UK: REGIONAL AID PLAN APPROVED BY EUROPE
• Abstracts: UK: POWERGEN ISSUES PROFIT WARNING. UK: SCOTTISHPOWER WIND FARM OPERATIONAL. UK: NATIONAL POWER DEVELOPS COMMERCIAL FUEL CELL
• Abstracts: SPAIN/EUROPE: TRAVELLERS PREFER BARCELONA. Teenager dies in fall from mountain. End of the pier show
• Abstracts: UK: WIDE GAP IN STAKEHOLDER PENSION CHARGES. New pension plans in a tangle. UK: PENSION FUNDS ENJOY GOOD YEAR
• Abstracts: UK: SALES OF ORGANIC FOODS ARE BOOMING. Farmers are boxing clever. Reaching for the converted

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.