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Tsunami countries' debts likely to be frozen

Tsunami countries' debts likely to be frozen
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Debt repayments from countries hit by the Asian tsunami are all but certain to be frozen at a meeting of the Paris Club today. The group of rich lending nations looks likely to suspend payments for a year or more. Yesterday, in Geneva, the head of the UN aid effort, Jan Egeland, said international donors have moved with record speed.

“We have 717 million dollars that we can spend on immediate emergency relief efforts – this has never happened two weeks after a disaster.” Representatives from more than 80 states held a one-minute silence for those who lost their lives in the disaster. It is thought more than 150,000 people died when the giant tidal waves struck.
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