IMF and World Bank Support Liberia's Decision Point Under the Enhanced HIPC Initiative.

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M2 PRESSWIRE-19 March 2008-IMF: IMF and World Bank Support Liberia's Decision Point Under the Enhanced HIPC Initiative(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:18032008

The International Monetary Fund (IMF) and the World Bank's International Development Association (IDA) have agreed that Liberia has taken the steps necessary to reach its decision point under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. Liberia becomes the 33^rd country to reach its decision point and now qualifies for debt relief under the Initiative.1

Mr. John Lipsky, First Deputy Managing Director of the IMF, said: "This has been a historic week for Liberia and the Fund.

We have seen Liberia's long-standing arrears to the IMF cleared and the...