The Canadian Press

2002-06-15 | G7 Finance Ministers

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The G7 finance ministers struck an agreement to allow 22 billion dollars in international aid to begin flowing again. The development money had been held up in a dispute between the United States and Europe over whether it should be paid out in grants or loans. The ministers agreed that 18-to-21 per cent of the fund would be available in grants. It was a compromise Finance Minister John Manley said Canada played an important role in brokering.

Date: 2002-06-15
Placeline: HALIFAX, Nova Scotia.
Source: The Canadian Press
Length: 13 seconds

Transcript Prediction: << this has been a key priority for us as it's an element of our foreign policy that we pursued for number of years we continue to push very hard as as a member of the G7 >>


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