Mozambique : Britain cancels Mozambique's debt!

panafrica

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Aug 24, 2002
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The Diaspora
This is somewhat unprecidented:

Britain is to cancel Mozambique's total debt to it of £80m, to help it combat poverty, Gordon Brown has said.
It will also pay 10% of the southern African country's £1.07bn debt to international lenders such as the World Bank and IMF, the UK chancellor said.

http://news.bbc.co.uk/1/hi/uk_politics/4177603.stm
 

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