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Article: WORLD BANK: World Bank approves debt relief package for Guyana.
- Article from:
- M2 Presswire
- Article date:
- May 19, 1999
CopyrightCOPYRIGHT 1999 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-19 May 1999-WORLD BANK: World Bank approves debt relief package for Guyana (C)1994-99 M2 COMMUNICATIONS LTD
RDATE:130599
* Deal, Worth US$256 Million, Will Help Country Finance Social Sector Spending
WASHINGTON -- The World Bank, together with the IMF, has agreed to support a package of debt relief that will reduce the external debt of Guyana by US$256 million in Net Present Value (NPV) terms, of which US$27 million, will be provided by the World Bank.
All other multilateral and Paris Club creditors have provided satisfactory assurances on their participation in the HIPC Initiative. The substantial resources released from ...