Friday, July 13, 2007

Spain forgives 384 mln euros poor country debt

(Reuters) - Spain said on Friday it will forgive a further 384 million euros it is owed by poor countries in Africa and Latin America that was contracted before 2004.

In a statement, the government said this latest operation takes Spain's debt forgiveness to 26 highly-indebted poor countries (HIPC) to 3.64 billion euros and makes Spain the first country to make December 31, 2003 its cut off point for debt forgiveness.


Read more at Reuters Africa

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