Friday, May 15, 2009

Paris Club cancels $845 million Ivory Coast debt

Paris Club cancels $845 million Ivory Coast debt
Written by PARIS (Reuters)
Friday, May 15, 2009 2:03:21 PM

The Paris Club of sovereign debitors has reached an agreement with the Ivory Coast to cancel $845 million worth of the country's debt with immediate affect, it said in a statement on Friday.

Creditors had also agreed to defer the repayment of arrears accumulated by the Ivory Coast on post cut-off date debts, it said.

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