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We at CGD warmly welcome president-elect Barack Obama's appointments of Timothy Geithner as Secretary of Treasury and Lawrence Summers to head the National Economic Council. Both are members of the CGD Board of Directors. This is no coincidence.
Good news! The IMF has finally moved forward on Liberian debt relief. Yesterday's IMF announcement that it has agreed on the necessary financing was a strong endorsement by the international community of Liberia's progress under its new government. It took more than a year of pushing and prodding, but Liberia now can formally begin the debt relief process.