The International Monetary Fund faced harsh criticism on Thursday for failing to meet its commitment to write off $800m in debt owed by Liberia, as Ellen Johnson-Sirleaf, the country's leader, met US president George W. Bush in Washington.
Bono, lead singer of U2, told the Financial Times it was "an IMF-ing outrage" that Liberia had overcome civil war and met stringent reform standards to qualify for debt relief but that the fund was unable to keep its promise to write off the IMF's portion of the nation's $4.5bn (€3bn, £2bn) debt.
