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Saturday, 2 October 2004 |
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WASHINGTON, Friday (AFP) The International Monetary Fund has agreed to a two-year extension of a
debt-relief initiative for poor countries that was scheduled to wind up
this year, the IMF announced. It said the decision to extend the life of
the Heavily Indebted Poor Countries (HIPC) initiative was taken earlier
this month by the IMF executive board "to provide the opportunity for
the remaining countries that could qualify to establish a track record
that would allow their consideration for HIPC relief." Other Stories
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