On the same day that I posted news about Liberias debt, it was announced that Norway will cancel 35 million U.S. dollars of Liberia’s debt to Norway, which constitutes 90 percent of Liberia’s debt to the country.
Liberia’s remaining debt to Norway will be canceled when the country reaches the completion point defined under the Indebted Poor, it added.
“I am glad we have agreed to cancel most of Liberia’s debt to Norway. It is important to support the positive developments that have taken place since the election of President Johnson-Sirleaf four years ago,” Erik Solheim, Minister of the Environment and International Development, said in the statement.
Nice to see some GOOD news for a change :-)
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