Financial Times FT.com

Ivory Coast raises hopes of deal on clearing debt

By Matthew Green, West Africa Correspondent

Published: March 23 2009 17:14 | Last updated: March 23 2009 17:14

Signs that Ivory Coast is close to striking a debt relief deal with western donors have raised hopes that some of the world’s last outstanding Brady bonds could deliver a final flourish of returns to investors.

Positive statements from donor agencies suggest that the west African country could be about to sign an agreement to clear about $3bn of external debt within weeks, analysts say.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this