VERSIONS: روسيا اليوم NOTICIAS FREEVIDEO ИНОТВ RTД
breakingnews
Go to main page   News   Russia to write off $US 500 MLN of Africa’s debt  

Russia to write off $US 500 MLN of Africa’s debt

Published: 29 May, 2007, 18:19


Russia's FM Sergey Lavrov has indicated that Russia is going to write off additional $US 500 MLN of African countries' debts. He stressed that Moscow is assisting Africa on debt relief and has already cleared some $US 11 BLN of debt.

This includes $US 2.2 BLN cleared according to the international ‘Heavily Indebted Poor Countries Initiative’, Lavrov said.

The minister also pointed out that Russia's economic co-operation with African countries is increasing, and is now estimated at $US 3.5 BLN annually.

The issue of debt relief is usually on the G8 summit’s agenda and is set to be discussed at the upcoming summit in Germany.

0 (0 votes)
 
Back to top
next MORE NEWS
29.05.2007, 18:18

Hamburg police arrest anti-globalization protesters

Hamburg police have arrested several anti-globalization protesters after demonstrations against this week's Asia-Europe meeting. Authorities say it could be a taste of bigger demonstrations during next week's G8 summit. 

29.05.2007, 18:20

Muscovites get through their hottest May days ever

Weather in Moscow breaks temperature record with highs of 35 Centigrade. It is the hottest May in the 120-year history of temperature record-keeping in Moscow.