The International Monetary Fund has agreed to cancel Liberia’s mounting debt, after it had secured the necessary funding pledged by member countries. “When these pledges amounting to more than $842 million, are formalized, a process will be followed for arrears clearance,” the IMF clarified in a statement. The cancellation of the country’s debt finally transpires following an impasse of more than a year. (Source: IMF agrees to cancel Liberia debt/Reuters)
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