Ivory Coast thanks France for debt cancel

July 27, 2012 at 12:35 PM
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PARIS, July 27 (UPI) -- Ivory Coast President Alassane Ouattara thanked French President Francois Hollande for cancelling his country's debt to France at a meeting in Paris.

The two leaders signed an agreement Thursday to cancel 99.5 percent of the Ivory Coast's debt to France, Radio France Internationale reported.

In thanking Hollande Ouattara said the agreement would free up funds for "investment in social sectors."

Hollande said the cancellation was not made "simply in a spirit of generosity -- we don't want that kind of relationship -- but in solidarity for the development of Cote d'Ivoire"

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