IMF to bail out Liberia
Liberia is to receive $4.6bn (€3.76bn) in debt relief under a plan worked out by the International Monetary Fund and the World Bank.
Debt relief from multilateral creditors such as the bank and the IMF would total $1.5bn (€1.22bn) and the rest would come from bilateral and commercial lenders.
The IMF said Liberia, a West African nation recovering from a 14-year civil war, would be relieved of a heavy debt burden that was eating up government revenue and foreign exchange resources.
