Paris Club agrees $344 mln debt relief for Guinea

Wed Apr 11, 2012 4:45pm GMT

PARIS, April 11 (Reuters) - The Paris club of creditor governments agreed on Wednesday to provide $344 million in debt relief to Guinea, including more than $151 million in debt cancellation, the group said in statement.

Creditors agreed to defer or reschedule debt repayments over an eight-year period on some of the country's debt and defer interest on amounts treated, the statement said.

"Participating creditors noted that following the crisis that the Republic of Guinea has gone through, the government has quickly revived economic activity and resumed negotiations with the Paris Club," the statement said.

(Reporting by Leigh Thomas; Editing by Alison Williams)

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