EPISODE · Jan 8, 2013 · 6 MIN
Debt Relief for Togo
from Podcasts · host IMF Podcasts
Togo has qualified for over 1.8 billion dollars of debt relief—equivalent to 80 percent of its external debt. The IMF's Roger Nord explains the significance of this decision for the west African state, and describes the creation of the "Heavily Indebted Poor Countries" (HIPC) Initiative, designed to release the poorest nations from the cycle of endless interest payments on unsustainable debt.
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Debt Relief for Togo
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