Monday, April 16, 2007

G7 Still Thinking about Clearing Liberia's Arrears

From our buddy Sarah:

"Clearing Liberia's arrears remains on the radar of the G7... see the reference in the Communique released just prior to the IMF/World Bank spring meetings this weekend...

We encourage the use of the debt sustainability framework by all borrowers and creditors. We welcome continued work on principles for responsible lending and seek to involve other interested parties. We advocate a rapid resolution to Liberia's arrears to the international financial institutions. Available internal resources should be fully used to this end. We are prepared to make additional financial contributions."
Full story.

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