‘Paris Club’ cancels $56 million debt, an important step towards full debt relief
Posted in Central African Republic, HIPC, IMF, World Bank, debt relief, development, government on Sep 28th, 2009 No Comments »
Representatives of 11 European governments and the United States announced on September 15 to forgive USD 55.6 million of a total of USD 59.3 million owed by the Central African Republic to these countries from loans given since 1983. The cancelation marks an important step towards improving the CAR government’s standing among creditor countries and investors, and follows shortly after it reached its completion point under the ‘enhanced initiative for Heavily Indebted Poor Countries’ (HIPC) in June 2009. Continue Reading »










