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Image header Agence Europe
Europe Daily Bulletin No. 7754
Contents Publication in full By article 32 / 46
GENERAL NEWS / (eu) eu/development

Commission releases 1 billion euro for the most indebted poor countries

Brussels, 07/07/2000 (Agence Europe) - The European Commissioner for Development, Poul Nielson, signed a financing convention in Brussels on Friday, releasing a European contribution of over one billion euro to the "reinforced initiative for heavily indebted poor countries" (PPLE II), launched the World Bank and the IMF. Of this amount: a) $680 million, managed by the Trust Fund of the World Bank, is earmarked for development banks in African and Caribbean countries, b) 54 million will...

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