The Inter-American Development Bank announced on Friday its approval of a US$ 3.4 billion debt relief package for Bolivia, Guyana, Haiti, Honduras, and Nicaragua that will free up resources for health care, education, and infrastructure in the region’s most underdeveloped countries. The measure, which passed with wide support, will cancel 100 percent of loans outstanding in the five countries as of Dec. 31, 2004. In addition to the $3.4 billion in principal payments, the IDB will further forgive $1 billion in interest for a total of $4.4 billion in debt relief.
See:
http://www.falkland-malvinas.com/vernoticia.do?id=10083&formato=HTML and
http://www.washingtonpost.com/wp-dyn/content/article/2007/03/16/AR2007031602376.html