1. Debt Relief and Aid in Sierra Leone
... World Bank, Sierra Leone has been able to find little debt relief. In October of 2001, the Paris Club of official bilateral creditor nations agreed to cancel $72 million dollars of an $888 million dollar debt. According to the Paris Club, the relief will reduce the amount of money Sierra Leone is scheduled to pay over the next two years from $180 million to $45 million. Other portions ... of the debt are scheduled to be paid over a period of forty years. While there has been improvement in the economy of Sierra Leone, there are still many problems ... facing the country which require t...
- Word Count: 558
- Approx Pages: 2
- Grade Level: Undergraduate