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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.17

-7.0%

Feb 5 4:00 PM EST

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To: long-gone who wrote (40849)	9/26/1999 4:40:00 PM
From: goldsnow	Read Replies (3) of 116972

Washington, Sept. 26 (Bloomberg) -- The seven richest nations are on the verge of an agreement to expand debt forgiveness for poor countries, after months of protest from the U.S. Congress, gold producers and debtors themselves about their plans to finance the initiative. ....... ......Resistance That sparked resistance from Japan and France, which are owed 70 percent of the ODA debt that's being forgiven. The two countries came around when the other G-7 members agreed in Cologne to allow them to contribute less to the overall debt- forgiveness initiative. The G-7 is also pressing the World Bank to find the necessary funds -- at no extra cost to its member nations. World Bank President James Wolfensohn said earlier this week the bank was struggling to raise its contribution to the debt-relief initiative. quote.bloomberg.com ps. in other words Japan and France is buying IMF Gold?

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