Baker Offers 3rd World Debt Aid
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Reuters
ABIDJAN, Ivory Coast — U.S. Treasury Secretary James A. Baker III today announced a new debt initiative to help the world’s poorest nations.
Speaking at the annual meeting of the African Development Bank (ADB) in Abidjan, Baker said the United States is prepared to support concessional interest rate reschedulings within the informal Paris Club of Western creditor nations to help what he called the “poorest of the poor.”
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