Norway?has cancelled what remained of?Ivory Coast?s debt to the country, taking debt relief?it has granted to the world?s?poorest nations?over 15 years to nearly half a billion dollars, the?Foreign Ministry?said on Friday.
Oslo wrote off $33 million owed by Ivory Coast as part of a June deal by the?Paris Club?of?creditor nations, having already forgiven around $52 million since 1997, the ministry said.
The west African country also recently agreed a deal with commercial creditors to make coupon payments that had been missed on a $2.3 billion bond that is itself a restructuring of debt on which Ivory Coast had previously defaulted.
Tiny Norway has been among the most charitable nations in the world, regularly giving more than one percent of its gross national income in foreign aid and also providing debt relief to over a dozen of the world?s poorest countries.
{snip}
Original Article
?
Share This
We welcome comments that add information or perspective, and we encourage polite debate. If you log in with a social media account, your comment should appear immediately. If you prefer to remain anonymous, you may comment as a guest, using a name and an e-mail address of convenience. Your comment will be moderated.
Source: http://www.amren.com/news/2012/11/norway-forgives-all-of-ivory-coasts-debt/
buckyballs awake mario batali lone ranger aaron brooks dave matthews band solar flares 2012
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.