Ivory Coast wins over $4 bln IMF/WB debt relief

ABIDJAN (Reuters) - Ivory Coast will receive more than 2.15 trillion CFA francs in debt reduction after meeting conditions under the IMF-World Bank Heavily Indebted Poor Country (HIPC) scheme, both institutions said in a statement on Tuesday.
The International Monetary Fund (IMF) and the World Bank said their boards had approved a reduction of $3.1 billion in debt owed by Ivory Coast, which represents a 24 percent reduction of the west African nation's external debt.
The statement from the institutions added that the world's top cocoa-producing nation would get a further $1.3 billion under an initiative of multilateral debt relief.
"The boards of both institutions have established that the country has made ??good progress regardinghttp://alturl.com/rmys8