Wednesday, 2 July 2008

Mozambique - Paris Club of Highly Indebted Poor Countries (HIPC).

One less Highly Indepted Poor Country.

Portugal has cancelled Mozambique's remaining debt in accordance with the Paris Club aggreement. The amount, was estimated at US 393.4m dollars. Most other European creditors have already cancelled Mozambique's debt. The initiative was bilateral between Mozambique and Portugal, but also involved the international community, the International Monetary Fund and the World Bank.

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