Canada cancels Congo debt
Exciting news out of Canada today. Jim Flaherty (the Minister of Finance) just announced that the Canadian government will forgive nearly $24 million owed by the Republic of Congo. This means that Canada has now cancelled close to $1 billion of debt owed by the world’s poorest countries.
“Canada’s debt relief program continues to support nations that have demonstrated a commitment to invest in the current needs of their citizens, even as they struggle with the debt burdens of their past,” said Minister Flaherty. “Today’s debt relief announcement will free up more resources that can be better invested in the health and education of the Republic of Congo’s citizens.”
To read the full release put out by the Canadian Department of Finance, click here.
Image from Department of Finance Canada website.
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May 28, 2010 at 9:37 pm
well done canada!…..many african countries need such a thing from bigger and stronger economies in the international community…..BRAVO CANADA
May 28, 2010 at 10:05 pm
This makes me proud to be a canadian!
May 29, 2010 at 12:25 am
Alight Canada. Makes me proud to be Canadian. Perhaps some of this will rub off on the leaders of the G8, G20 who will be visiting us here in Toronto this June. Thanks again to both PM Harper and Minister Flaherty.
June 19, 2010 at 4:47 pm
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