Press Release
IDB Governors discuss terms for cancellation of debts for Bolivia, Guyana, Haiti, Honduras and Nicaragua
Member countries to vote on recommendations made in Amsterdam by Committee of the Board of Governors
Washington, DC | Thursday, January 25, 2007
by Banco Ineramericano de Desarrollo
The Committee of the Board of Governors of the Inter-American Development
Bank this week discussed terms for granting debt relief to Bolivia,
Guyana, Haiti,
Honduras and Nicaragua.
As a result of a meeting held in Amsterdam
the Committee, a working group of the Board of Governors, proposed technical
mechanisms for canceling the balances of loans from the Fund for Special
Operations (FSO) outstanding on December
31, 2004 for those five countries.
The Committee's recommendations must be ratified by vote by the IDB's 47
member countries. Prior to that, the IDB Board of Executive Directors must
approve a reform proposal presented by management on the future operation of
the FSO, the Bank's concesional lending window. Media Contact
Santiago Real de Azua
santiagor@iadb.org
(202) 623-1371 Sources
http://www.iadb.org/NEWS/articledetail.cfm?artid=3570&language=En
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