|
|
Article: The Gambia to receive US$91 million in debt service relief;The IMF and World Bank support debt relief for the Gambia under the enhanced HIPC Initiative.
- Article from:
- M2 Presswire
- Article date:
- December 15, 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-15 December 2000-IMF: The Gambia to receive US$91 million in debt service relief;The IMF and World Bank support debt relief for the Gambia under the enhanced HIPC Initiative (C)1994-2000 M2 COMMUNICATIONS LTD
RDATE:14122000
Washington -- The International Monetary Fund (IMF) and the World Bank Group's International Development Association (IDA) agreed to support a comprehensive debt reduction package for The Gambia under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative.
Total relief from all of The Gambia's creditors is worth nearly US$67 million in Net Present Value (NPV) terms 1, which is equivalent to 27 ...