Financial Times FT.com

Divisions on how to agree debt relief

By Andrew Balls in Washington

Published: February 16 2005 00:44 | Last updated: February 16 2005 00:44

Disagreement about whether grants are preferable to loans is complicating efforts by rich countries to agree on debt relief for the world's poorest countries.

Development experts say it is the size of the net flow of resources that matters, not whether assistance is in the form of concessional loans, grants or debt relief.

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