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| quote: | TSUNAMI DEBT SUSPENSION
Most of the world's leading finance ministers have agreed to suspend debt repayments from countries reeling from the effects of the Boxing Day tsunami.
Chancellor Gordon Brown said the G7, the gathering of the seven biggest industrial nations, would seek agreement from all creditors at a meeting of the Paris Club next week.
A statement from the G7 said the debt repayment freeze was voluntary for the nations hit by the disaster.
"We would not expect debt payments from affected countries that request it until the World Bank and IMF have completed a full needs assessment of their reconstruction and financing requirements, recognising that some countries may be unable to make debt payments," said the statement.
"We will work, within the Paris Club, with other creditors to achieve a consensus for this approach," the statement said.
Mr Brown said: "Depending on the conclusions of the needs assessments, I believe that the G7 and Paris Club must also stand ready to consider all options for further assistance."
The G7 comprises the United States, Japan, Germany, Britain, France, Italy and Canada.
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they should cancel it completely
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