|
|
Article: Cameroon to receive around US$2 billion in debt service relief -- The IMF and the World Bank support debt relief for Cameroon under the Enhanced HIPC Initiative.
- Article from:
- M2 Presswire
- Article date:
- October 17, 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-17 October 2000-WORLD BANK: Cameroon to receive around US$2 billion in debt service relief -- The IMF and the World Bank support debt relief for Cameroon under the Enhanced HIPC Initiative (C)1994-2000 M2 COMMUNICATIONS LTD
RDATE:16102000
WASHINGTON -- The World Bank Group's International Development Association (IDA) and the International Monetary Fund (IMF) agreed to support a comprehensive debt reduction package for Cameroon under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. Total debt relief from all of Cameroon's creditors is worth around US$2 billion in nominal terms. This is equivalent to about US$1.26 billion ...