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Paris Club Agrees Afghan Debt Relief Deal

Two Afghan women walk past shoes on sale in a street market in central Kabul (AFP) July 20, 2006 -- The Paris Club has agreed on a multibillion-dollar debt relief deal for Afghanistan.

The group of creditor nations says in a statement today that they agreed to cut and reschedule Afghanistan's public debt, writing off some $1.6 billion of it.

The move is part of international pledges to cancel 100 percent of the country's estimated $11.3 billion debt.

(Reuters, AFP)

RFE/RL Afghanistan Report

RFE/RL Afghanistan Report

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