Norway
prepared to write off debts of five countries
AFP
OSLO
Petroleumworldtt.com
10 08 06
The Norwegian government said Monday it was prepared
to cancel debts totalling 79 million dollars (62.3
million euros) owed by Egypt, Jamaica, Ecuador,
Peru and Sierra Leone.
A proposal to cancel the obligations is to be included
in the 2007 budget, which will be presented Friday
to parliament, where a leftist coalition has the
majority.
The debts were incurred between 1976 and 1980 as
part of a program by Norway to boost its sales abroad
of ships and maritime equipment.
The government stressed that a unilaterial and unconditional
cancellation will not affect its budget for development
aid.
phy/nh/wai
AFP 02 1354 GMT 10 06
Copyright
©2006 AFP. All Rights Reserved.
Send
this story to a friend
Your
feedback is important to us!
We invite all our readers to share with us
their views and comments about this article.
Write
to editor@petroleumworld.com
Any
question or suggestions, please write to:
editor@petroleumworld.com
Best
Viewed with IE
5.01+
Windows
NT 4.0, '95, '98 and ME +/ 800x600 pixels
