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$65 million debt written off

Germany and Austria have written off Mauritania's debt amounting to US $65 million (Euros 64.5 million, the Mauritania news agency (AMI) reported.

The debt write-off, AMI said, was announced by the Secretary-general of the Finance Minister, Mohamed Abderahmane Ould Abeid upon his return on Saturday to the Mauritanian capital, Nouakchott, from a trip to the two European countries.

AMI quoted a statement from Ould Abeid as saying the debt write-off was agreed upon on 8 July between a Mauritanian delegation and officials in the two countries. Two bilateral agreements, pegged on implementation of earlier Paris Club agreements were signed.

Germany wrote off $18 million (Euros 17,871,669.14 and Austria wrote off $47 million (Euros 46,597,848.01), AMI added.

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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