Yacine Le Forestier
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/ 26 September 2005

Debt plan approved amid oil worries

Finance ministers from the world’s richest nations expressed their concern over sky-high oil prices during a weekend meeting in Washington, DC, and warned that fuel costs could derail global economic growth. Also, both the International Monetary Fund and the World Bank agreed in principle to wipe out -billion in debt owed by the planet’s poorest countries.