Mozambique: Debt Relief From France
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The French and Mozambican governments signed in Maputo on Monday an addendum to a “Debt reduction and development contract” of 2004 for a further relief of Mozambique’s debt to France. Monday’s document signed between Mozambican Finance Minister Manuel Chang and French Ambassador Thierry Viteau, extends for a further two years, until 2009, the initial agreement, known as C2D, that was for the period 2005-2007. Viteau said at the ceremony that C2D represents a supplementary effort on the part of the French government to completely cancel the bilateral debt of Mozambique, as part of complementary measures in the context of debt relief to the Highly Indebted Poor Countries (HIPC). |