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Countries are canceling more than $1 billion in debt that Afghanistan
owes them, the Paris Club of creditor nations announced Wednesday.
The debt relief comes partly in response to Afghanistan's participating
in a program for Heavily Indebted Poor Countries, the Paris Club
said in a statement. Some $441 million is being canceled as part of the
HIPC Initiative, while creditors are voluntarily writing off another $585
million, the group said.
Afghanistan agreed in exchange to use the money it would have spent
on paying its debts on programs in line with the U.N. Millennium
Development Goals and poverty reduction.
Originally posted by Grey Magic
I think in this case it's a good thing, let them launder their opium money white somewhere else.