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Venezuela Pays Off World Bank-IMF Debt

HeadlineApr 16, 2007

Venezelua has announced it’s paid off its remaining debt to the World Bank and International Monetary Fund.

Venezuelan President Hugo Chavez: “This last payment pays off the debt that was almost $3 billion in 1998. We also had a large debt with the IMF. Venezuela had its hands tied. I can tell you today that we don’t owe a cent of debt to either the IMF or to the World Bank.”

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