Heavily Indebted Poor Countries

Bulgaria Join in the IMF's Somalia Debt Fundraising Initiative

The Council of Ministers approved the participation of the Republic of Bulgaria in the International Monetary Fund (IMF) initiative to raise funds to settle Somalia's debt to the IMF, amounting to EUR 242 million.

The amount with which Bulgaria will join is amounting to 1.48 million SDR (special drawing rights)

Bulgaria Remits 84% of Afghanistan's Debt

Bulgaria has remitted almost 84% of Afghanistan's debt accumulated in the 70s and 80s of the 20th century and rescheduled the remaining debt for 10 years.

The Government today approved the intergovernmental agreement between the two countries signed on September 17 to settle the debt totaling USD 50.6 million, Dnevnik.bg informs.