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Cameroon - HIPC Approval Document completion Point under the Enhanced Framework

12-Jul-2006

On May 1, 2006, the Republic of Cameroon became the 15 th regional member country (RMC) to reach completion point under the enhanced HIPC Initiative. As a result, the boards of Directors of the IMF and the World Bank approved, for the country, approximately US 1.27 billion of debt relief in end-1999 NPV terms, equivalent to 27 percent reduction of Cameroon’s debt relief (in NPV terms) after traditional debt relief.

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