G8 plan Asia debt relief

The world's richest nations are likely to agree to freeze debt repayments for nations devastated by the Indian Ocean tsunami, according to Britain's treasury chief Gordon Brown.

Chancellor of the Exchequer Gordon Brown said on Tuesday 4 January that members of the G8 had lined up behind a plan, first proposed by German Chancellor Gerhard Schroeder, to make debt relief part of the disaster response.

In an interview with BBC radio, Brown said a repayment freeze would be worth £3 billion ($5.7bn)

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