The Informer (Monrovia)
1 December 2010A blissful Finance Minister Augustine Kpehe Ngafuan could only say a big thank you and commit Liberia to rigorous financial management after US Ambassador Linda Thomas Greenfield yesterday announced that her country has totally forgiven its remaining debt against Liberia.
"Today, the United States cancels nearly $30 million in remaining debt owed to various U.S. government agencies," Ambassador Greenfield stated during a signing ceremony at the Ministry of Finance in Monrovia.
Besides yesterday's announcement, the U.S. had already canceled US$390 million in bilateral claims, and provided US$211 million to clear Liberia's arrears to the International Monetary Fund and the African Development Bank.
