Liberia: Paris Club Clears More Than U.S.$1 Billion Debt Liberia Owes Its Creditors

The representatives of the Paris Club creditor countries met with the Republic of Liberia on 16 September 2010 and agreed on a reduction of the debt following the Republic of Liberia having reached its Completion Point under the enhanced initiative for the Heavily Indebted Poor Countries (enhanced HIPC Initiative) on 29 June 2010.

Paris Club creditors welcomed the Republic of Liberia's determination to implement a comprehensive poverty reduction strategy and an ambitious economic program providing the basis for sustainable economic growth.

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