25 January 2007
The Committee of the Board of Governors of the Inter-American Development Bank this week discussed terms for granting debt relief to Bolivia, Guyana, Haiti, Honduras and Nicaragua.
The Committee of the Board of Governors of the Inter-American Development
Bank this week discussed terms for granting debt relief to
Bolivia,
Guyana,
Haiti,
Honduras and
Nicaragua.
As a result of a meeting held in Amsterdam
the Committee, a working group of the Board of Governors, proposed technical
mechanisms for canceling the balances of loans from the Fund for Special
Operations (FSO) outstanding on December
31, 2004 for those five countries.
The Committee's recommendations must be ratified by vote by the IDB's 47
member countries. Prior to that, the IDB Board of Executive Directors must
approve a reform proposal presented by management on the future operation of
the FSO, the Bank's concesional lending window.
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