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Debt relief worth US $460 million

    ABIDJAN

    The World Bank Group’s International Development Association (IDA) and the International Monetary Fund (IMF) have agreed to suppport a debt reduction package worth around US $460 million under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative, a World Bank news release said on Tuesday.

    Benin’s eligibility for debt relief is a recognition by the international community of the progress made in implementing economic reforms, the news release said.

    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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