Rwanda: Dubai World Creditors Agree On Debt Plan

11 September 2010

Kigali — Dubai World, the United Arab Emirates' troubled investment arm, announced yesterday that 99 percent of its creditors had agreed to terms for restructuring $24.9 billion worth of debt, a development welcomed as a good sign by Rwanda Development Board (RDB).

This comes after Dubai World scaled down on its business ventures in the country, a decision attributed to effects of the global financial crisis that affected most of its businesses worldwide.

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