G8 Gleneagles Africa Statement

Sectors : Debt relief
Organisation : G8
Date made: 
2005
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Commitments in: Financing for Development - Debt relief

“29. The G8 has agreed a proposal to cancel 100% of outstanding debts of eligible Heavily Indebted Poor Countries to the IMF, IDA and African Development Fund, and to provide additional resources to ensure that the financing capacity of the IFIs is not reduced... We welcome the agreement in principle by the Paris Club aimed at achieving a sustainable exit for Nigeria from its debt problems.”

Scope: 
Africa