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Afghanistan's Creditors Write Off $10 Billion

July 22, 2006 -- Afghanistan's major creditors have canceled $10.4 billion in debt, a further major reduction in the country's debt to the so-called Paris Club.

The U.S. State Department said on July 21 that the agreement means that 92 percent of Afghanistan's total debt to the three Paris Club creditors -- Germany, Russia, and the United States -- has now been written off.


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