This week, Liberians celebrated in the streets – faces painted, drums blaring, and dancing with abandon. They're not rejoicing over some recent triumph by the Liberian soccer team or a local festival. The streets of Monrovia were overflowing because of debt relief. That's right, debt relief. On Tuesday, Liberia secured nearly $5 billion in irrevocable debt relief from the World Bank, IMF, African Development Bank, and bilateral creditors. It's a massive sum – the equivalent of roughly $1200 for every man, woman, and child in Liberia. As President Ellen Johnson Sirleaf stated, "today, ladies and gentlemen, is a day for us, as Liberians, to celebrate." And celebrate they did. And so should we.
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