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RELIEF FOR ETHIOPIA
African Business, Jul 2004
Debt
The Paris Club of creditor nations has written off $300m of Ethiopia's debt, prompting other creditors to announce cancellations of the country's debt. Earlier this year the World Bank and the International Monetary Fund cancelled some $3.3bn owed by Ethiopia as part of their Highly-Indebted Poor Countries Initiative. Ethiopia's debt now stands at about $3.2bn.
Copyright International Communications Jul 2004
Provided by ProQuest Information and Learning Company. All rights Reserved
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