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US cuts bilateral debt

    NAIROBI

    The government on Tuesday signed a debt reduction agreement with the US that allows for a 67 percent reduction in Rwanda’s US $1.6 million bilateral debt, following the terms of an agreement last year with the Paris Club of creditor countries. The US pledged to continue supporting Rwanda’s rehabilitation and reconstruction process, particularly in the areas of health, agriculture, democracy and governance, Radio Rwanda reported on Wednesday.

    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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