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Debt Relief (Developing Countries) Act 2010

11.Subsections (3)(c) and (6) extend the Act to the countries that have been identified by the World Bank and IMF as potentially eligible for debt relief under the Initiative on the grounds of their low income and high level of indebtedness, but which are yet to meet the conditions allowing the Boards of the World Bank and IMF to approve the country’s entry onto the Initiative at Decision Point. Five countries currently fall into this category.

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