UK's Brown urges gold revaluation for debt relief

Gordon Brown, the UK Chancellor of the Exchequer, on Friday July 9 called on the International Monetary Fund to revalue its gold reserves as a method of releasing more money for debt relief for the world's poorest countries.

Brown also chairs the International Monetary Committee, the IMF's policy-setting group, and told a seminar organised by the Catholic church in Vatican City that debt relief is a moral and an economic issue.

"While 100 percent of bilateral debt of the poorest countries is ca

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