The IMF has finally come up with its financing arrangements, after 18 months of pushing and prodding. This is not yet debt relief – it just allows Liberia to now (!!) start the process. But is the big first step.
Thanks to all. You folks really were a big piece of this. It is amazing, but they really did need to be whacked over the head in public to go and get it done!
-Steve Radelet, Center for Global Development
More info in the IMF 11/12/07 press release:
“IMF Managing Director Dominique Strauss-Kahn Announces Financing Milestone on Debt Relief for Liberia”