The World Bank and the International Monetary Fund were
Question and Solution
The World Bank and the International Monetary Fund were scheduled to formally cancel the debts of 18 very poor countries
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The World Bank and the International Monetary Fund were scheduled to formally cancel the debts of 18 very poor countries in 2006, and the African Development Bank was committed to taking the same action during its 2006 annual meeting. Go online and find out whether these debts were indeed canceled. How much debt was forgiven during that year in each of the countries involved? What are the expected benefits to those countries?
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