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  • beginning. At the upcoming G-7 summit in Halifax, which we're very much looking forward to, we will be working to ensure that our international trading institutions advance the cause of trade liberalization in ways that produce tangible gains for the people
  • is an important investment in our ' own future and in the world we will inhabit in the 21st century. At the Cologne Economic Summit'meeting~ the G-7 nations agreed to further strengthen the development impact ofiDPC by p~viding faster, deeper, and broader debt
  • Secretary (Cologne, Germany) .. June 18, 1999 For Immediate Release FACT SHEET The Cologne Debt Initiative The G-7 leaders have endorsed ~ new Initiative to enable Heavily Indebted Poor Countries (HIPCs) to.receive deeper, broader and faster debt relief
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  • the integrity and openness of emerging . . economies. Last Saturday, the G-7 finance ministers outlined specific safeguards for Russia and called for comprehensive review by the World Bank and IMF to make sure funds are used appropriately in high-risk
  • of jobs. · Technology-based industries ·in mamifacturing and services accounted directly for between. one-quarter and one~ third of G7 output growth between ·1980 and 1995. But their economy-wide impact is most notably ·felt through the diffusion· . of new
  • on each and report to (Ministers by Interim · meeting in spring) (G-7 leaders in Tokyo): 1 • Poverty alleviation strategies in the poorest countries. Ai Cologne, G-7 leaders called on the Bank and Fund to develop a new approach to economic reform in HIPC
  • the credit-worthiness of developing countries, and those who demanded outright cancellation of debt with no conditions. Last year, at the G-7 Summit in Cologne, the world's wealthiest nations began to build a . - ' ···- i" - .,. • ' new consensus
  • was paralyzed by this problem- divided between those who felt that any debt forgiveness would hurt the credit-worthiness of developing countries, and those who demanded outright cancellation of debt with no conditions. Last year, at the G-7 Summit in Cologne
  • and a drain on resources that could be used to meet the most basic 'human needs: clean water; schools; shelter; food. Last year, at the G-7 Sullllliit in Cologne, the world's wealthiest nations made an historic' . pledge: to dedicate faster and deeper debt
  • ;_ . ..._,.. -..:____.:,__ . . ---~- ~· ~· - . .. r~e~to_tlie~worl9.:.. In 1993, when the President attended the G-7 Summit in Japan, the major economies of the world chastised the United States for letting its budget deficit grow so big. lfJ~Hnton~haa;:;notmov.ed::-guic19y;;;:to~.cut:-Amer:ica.!.s
  • growthbetween 1992 and 1998. •The U.S. has grown nearly twice as fast as all ofthe other countries in the G7. Real industrial production in the US is tip over 34% since 1992, compared to a 4% gain for Germany and a 1% decline for Japan. .. • Increased trade has
  • ); A call to our G-7 partners to join our efforts to ensure a future market for these vaccines. Basic Education and Child Labor: US endorses goal set by UN, QECD and World Bank or achieving universal access to basic education by 2015. President sent me