2002-6-17-13-15-48-17838: Grants to Replace Loans to Poorest Counties



	FROM THE OFFICE OF PUBLIC AFFAIRS June 17, 2002 2002-6-17-13-15-48-17838 Grants to Replace Loans to Poorest Countries Secretary Paul O'Neill returns to Washington this week from Halifax, Nova Scotia where finance ministers from the Group of Seven industrialized countries met. The G7 ministers gave a positive outlook on the prospects for global economic growth. The ministers also announced a historic agreement that fulfills President Bush's aim to direct more World Bank funding in the form of grants, rather than loans, for the poorest countries. Statement of Secretary Paul O'Neill Following the Meeting of G-7 Finance Ministers in Halifax Grants Agreement a Victory for Poor Nations Statement of G-7 Finance Ministers