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ADB debt relief

    ABIDJAN

    The African Development Bank (ADB) Group approved debt relief amounting to US $104.4 million for Mauritania as part of a debt-relief package of US $1.1 billion from its external creditors. Mauritania is one of the first two countries to receive debt relief from the Bank Group under an Enhanced HIPC (Highly Indebted Developing Countries) Initiative, with US $85 million being released to support poverty reduction during the first 10 years.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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