The deal will allow the poor Central African country to free budgetary resources to provide housing, education, water and electricity.
Congo, whose foreign debt stood at $5.5 billion in 2004, qualified for the Heavily Indebted Poor Country (HIPC) debt-relief scheme in March 2006.
The Paris Club of sovereign lenders, which had already agreed to cancel 67 percent of its debt, increased this to between 90 and 100 percent in some cases after HIPC entry.
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