Countries cancel $1 billion in Afghanistan debt

Countries cancel $1 billion in Afghanistan debt

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.

www.cnn.com...

Yet another bailout. The bankers are hard
at work to keep from a global meltdown.
Your thoughts???

I think in this case it's a good thing, let them launder their opium money white somewhere else.

It is Hush money...



www.huffingtonpost.com...
Karzai was quoted by numerous members of parliament as saying in a meeting Saturday that he would join the Taliban insurgency if the U.S. and its allies continued pressuring him publicly to do more to end graft, cronyism and electoral fraud.

The White House was already infuriated with Karzai for accusations made earlier in the week in a public forum where he alleged the U.N. and the international community interfered in last year's Afghan elections. The United States and the U.N. strenuously denied the allegation.

Originally posted by Grey Magic
I think in this case it's a good thing, let them launder their opium money white somewhere else.

You mean like with the CIA?

Cause that's what's been going on since before Vietnam...

Interesting turn of events.

Quite the hand out for Afghanistan. Iraq never got this kind of treatment and the US among other is responsible for completely destroying that nation.

Civil and infrastructure wise.

~Keeper