Africa Mozambique qualifies for debt relief
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Mozambique has become the second African country to qualify for a new World Bank, IMF debt relief programme intended to help the most highly.-indebted nations. The Bank said the debt relief was worth about one-point-seven billion dollars. In order to secure approval, the Mozambican government had to pledge to redirect funds that would have gone towards debt-servicing towards social programmes, particularly health and education. Uganda has already benefitted from the programme, and Ethiopia, Ivory Coast and Mali are expected to qualify next. Source : news.bbc.co.uk |