Article: African Development Bank approves debt relief to 13 countries

African Development Bank approves debt relief to 13 countries

ADDIS ABABA, April 21 (Xinhua) -- The African Development Fund (ADF) has approved 8.5 billion U.S. dollars for financing debt relief to low-income countries in Africa under the fund's multilateral debt relief initiative (MDRI).

According to a press release posted Friday on the bank's website, 13 African countries, including Ethiopia, will be the immediate beneficiaries of the debt relief initiative.

The other 12 immediate beneficiary countries are Benin, Burkina Faso, Ghana, Madagascar, Mali, Mozambique, Niger, Rwanda, ...

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