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To: long-gone who wrote (40849)9/26/1999 10:59:00 AM
From: Probart  Read Replies (1) | Respond to of 116972
 
FWIW, I have spoke to Al Lewis on numerous occasions, he also follows the gold market with a keen eye.
Probart



To: long-gone who wrote (40849)9/26/1999 4:40:00 PM
From: goldsnow  Read Replies (3) | Respond to 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?