Originally Posted by CHUQ

The US secretary of state has said the US will cancel the $391 million in debt owed by Liberia and urged other states to help the West African nation recover from conflict.

"We will cancel that debt, all of it, under the framework for highly indebted countries," Condoleezza Rice told a donor conference at the World Bank in Washington on Tuesday.


"We hope that this will help to relieve Liberia's crippling debt burden, a debt burden that today's leadership do not deserve," she said.


Al Jazeera English - Americas


Will this prove to be a good move in the future?