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Madagascar: About 89 million dollars of Malagasy debts rescinded by Moscow

The Russian government gave its agreement in midweek for the cancellation of about 89 million dollars of debt of Madagascar to Russia, as reported the site of legal information in the country.
"The total amount of outstanding debt by Madagascar to Russia October 31, 2006 totaled 88.9 million dollars," noted in the Russian official document.
The funds granted to Madagascar involved appropriations allocated to develop the Island.


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