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Burundi - HIPC Approval Document Decision Point under the Enhanced Hipc Initiative

28-Oct-2005

In August 2005, Burundi qualified for debt relief and became the 24 th regional member country (RMC) to reach the decision point under the enhanced HIPC Initiative. As a result, the Boards of Directors of the IMF and the World Bank approved debt relief assistance for the country from multilateral and bilateral creditors amounting to US$ 826 million, in nominal terms, over some 38 years.

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