IMF backs poverty debt write-off

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The International Monetary Fund (IMF) has agreed to write off the $3.3bn (£1.89bn) owed to it by all but one of the 20 poorest countries in the world. It has delayed granting debt relief to Mauritania until it makes “satisfactory progress in a few policy areas”…

Mauritania, meanwhile, is likely to meet the criteria for the write-off “relatively soon”, said Mr Dawson.“Mauritania will qualify for relief and receive it once it demonstrates satisfactory progress on some policy areas that have been identified,” he said.

Reuters further reports in.today.reuters.com/News/newsArticle.aspx?type=businessNews&storyID=2005-12-22T012324Z_01_NOOTR_RTRJONC_0_India-228971-1.xml

Those approved for IMF debt relief are Benin, Bolivia, Burkina Faso, Cambodia, Ethiopia, Ghana, Guyana, Honduras, Madagascar, Mali, Mozambique, Nicaragua, Niger, Rwanda, Senegal, Tajikistan, Tanzania, Uganda and Zambia.
 
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