"the logjam had been broken when it was found that the IMF had several billion dollars available from gold sales in the late 1990s that it could use to cover the losses it would make from writing off debts.". I wonder whether they were hoping no-one would notice? Anyway it's good news for Africa, I think. It seems to be a modestly significant development.
Guardian Unlimited | Special reports | �30bn debts write-off agreed:
11 June 2005
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"Spend and tax" not "tax and spend"
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