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, NS, Canada
Source: The Canadian Press
Length: 13 seconds

Transcript Prediction: << this is 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 so, member the G. seven >>

Clip ID: 20020615CPCN001