WASHINGTON, Nov 13 (AFP): The International Monetary Fund (IMF) has struck a "milestone" deal with member countries allowing it to provide debt relief to Liberia, the fund announced yesterday.
Member states have made pledges totalling more than 842 million dollars, the IMF said in a statement.
"Today's milestone is a critical step in moving Liberia onto a path toward comprehensive debt relief," IMF chief Dominique Strauss-Kahn said the statement.
It was the first concrete achievement for the new IMF director, who took over his post on November 1.
Ravaged by a decade of civil war, Liberia has a multilateral debt of 1.5 billion dollars for a total debt of 3.7 billion.
IMF, Liberia reach deal on reducing debt
FE Team | Published: November 14, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
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