Morocco calls for creation of independent body on African debt
Regional, Economics, 2/14/2000
Morocco on Sunday called for the setting up of an independent body to study the viability of debt owed by African nations.
The international community should take initiatives to tackle the debt issue in a radical manner, Moroccan foreign affairs and cooperation minister, Mohamed Benaissa, told the 10th United Nations Conference of Trade and Development (UNCTAD), currently held in Bangkok.
Benaissa, who is acting chairman of the Group of 77 plus China ministerial conference, underlined that external debt is a major brake to development. "A solution that goes through eliminating debt structural causes is necessary, especially for African countries," he said.
The foreign minister, who stressed that globalization should benefit developing countries, called on the developed nations to think over the development strategies.
Algeria thanks Tony Blair for canceling poor countries' debts
US trade representative on coming WTO round
European - African summit in Cairo
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
| Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info