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Sent: Thur 2/24/2011 6:02:35 PM
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.
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