|
|
Article: Senegal to receive around US$800 million in debt service relief -- IMF and World Bank support debt relief under the enhanced HIPC Initiative.
- Article from:
- M2 Presswire
- Article date:
- June 26, 2000
CopyrightCOPYRIGHT 2000 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)
|
M2 PRESSWIRE-26 June 2000-IMF: Senegal to receive around US$800 million in debt service relief -- IMF and World Bank support debt relief under the enhanced HIPC Initiative (C)1994-2000 M2 COMMUNICATIONS LTD
RDATE:26062000
The International Monetary Fund (IMF) and the World Bank Group's International Development Association (IDA) agreed to support a comprehensive debt reduction package for Senegal under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. Total relief from all of Senegal's creditors is worth around US$800 million. This is equivalent to about $450 million in net present value (NPV) terms, or approximately 18 percent of ...