Friday, April 17, 2009

Liberia cuts foreign debt!

Fantastic news!

Wall St. Journal has it that the international organizations, plus a few developed countries, helped them to consolidate. The debt is now $1.2 billion from $4.9 billion in November of 2007.

Now, the country finance Minister is boasting debt to be as low as between $100 to 200 million dollars by end of next year. Yea...right!

But, I do glory in what has happened thus far. Not all the time you hear a good story and certainly, not a good economic story in these times.
Post a Comment