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US cancels Liberia's $391m
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The US Secretary of State Condoleezza Rice has promised to write off $391m (£200m) in debt Liberia owes to the US.
Speaking at a World Bank conference, she told Liberia's President Ellen Johnson Sirleaf: "We have every intention of helping you succeed."
The World Bank's Paul Wolfowitz opened the conference by saying that Liberia's $3.7bn of debt was unsustainable for a country of three million people. |
President Sirleaf warned that Liberia was "not out of the woods yet".
Ms Rice also announced that President Bush had asked Congress to provide more than $200m in additional aid to Liberia over the next year.
A conflict between 1989 and 2003 devastated the West African state and left more than 200,000 dead.
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