The U.S., along with official Paris Club creditors, agreed to immediately forgive USD254 million of Liberia’s total debt. In an effort to manifest its support for Liberian president Ellen Johnson Sirleaf’s government, the U.S., decided to take the measure even further and implied that it would completely cancel 100 percent of what Liberia owes it in the amount worth USD430 million. Sirleaf’s reforms have placed the county back on the path of economic growth and development, ending years of strife and violence. The U.S. has earlier offered over USD211 million in debt relief, helping the country clear its arrears with the International Monetary Fund, the World Bank, and the African Development Bank. (Press release: U.S. joins Paris Club in forgiving Liberia?s debt/U.S. Department of State)

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