8 July – HIPC Progress
Liberia has reached HIPC completion point. The World Bank and the IMF have agreed to cancel 90% of Liberia’s debt stocks, totaling US$4.6 billion. For more details, read the IMF press release. For the Jubilee Debt Campaign website, click here. Liberia is joined by the Democratic Republic of Congo, thus becoming the 30th country to reach completion point, and receiving US$12.3 billion of relief. For more details, read the IMF press release. In other news, decision point for Comoros has been reached under the enhanced HIPC Initiative. This is a step forward for Comoros to receive US$144.8 million in debt relief in PV terms. More information here.
