Rwanda: World Bank and IMF support US$1.4 billion in debt service relief for Rwanda.

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M2 PRESSWIRE-13 April 2005-WORLD BANK: Rwanda: World Bank and IMF support US$1.4 billion in debt service relief for Rwanda(C)1994-2005 M2 COMMUNICATIONS LTD RDATE:13042005 WASHINGTON, DC - The International Monetary Fund (IMF) and the World Bank's International Development Association (IDA) have agreed that Rwanda has taken the necessary steps to the reach the completion point under the enhanced Initiative for Heavily Indebted Poor Countries (HIPC).

Rwanda is the 18^th country to reach this point, joining Benin, Bolivia, Burkina Faso, Ethiopia, Ghana, Guyana, Honduras, Madagascar, Mali, Mauritania, Mozambique, Nicaragua, Niger, Senegal, Tanzania, Uganda and Zambia.[1] Total debt relief under the enhanced HIPC Initiative from all of Rwanda's creditors is...