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France cancels Zambia’s US $122 million debt

    JOHANNESBURG

    France has with immediate effect cancelled Zambia’s US $122 million debt following Zambia’s attainment of High Indebted Poor Countries (HIPC) status last year, ‘The Times of Zambia’ said on Friday. The newspaper quoted an embassy statement as saying that “100 percent of all trade-related bilateral debt service flows, eligible to the Paris Club, are to be cancelled for all countries as soon as they reach the HIPC decision point”.

    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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