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G-7 Willing to Cancel Debt to Poorest Nations


The world's seven wealthiest nations have pledged to increase Third World debt relief but failed to agree on a British plan to boost international aid.

Finance ministers from the Group of Seven industrial nations have expressed a willingness to cancel up to 100 percent of the debt of the world's poorest nations.

Britain's Treasury chief Gordon Brown said at the close of the G-7 summit in London Saturday debt relief would be decided on a case-by-case basis.

Britain had also pushed for the G-7 to support its plan to double international aid to the developing world. But the United States flatly rejected that proposal saying it did not fit into the U.S. budget process.

Britain's International Development Secretary Hilary Benn promised to push ahead with the plan, saying a solution will be found by 2006 with or without the United States.

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