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Date: Thu. 24 Feb 2011 18:02:35 +0000
Interesting article today about Bulgaria and fancy accounting as we discussed yesterday.
Bulgaria cancels 77 percent of Zambia's debt dating from communism (La Bulgarie annule 77% de la dette de
la Zambie, datant du communism)
By Staff
Agence France Press
February 24, 2011
• On Wednesday, the Bulgarian government announced the cancellation of 77% of Zambia's debt dating
from communist times. The country now only has to pay 1.37 million euro.
• Approximately 6.29 million dollars of debt relief can now be considered as official development aid.
• In the last two years, the Bulgarian government has cancelled the debts of Iraq and Syria.
EFTA00696643