Bulgaria will forgive US$2.9 million of the debt of Guyana, according to a report in the Bulgarian media.
The Council of Ministers approved a draft intergovernmental agreement between Bulgaria and Georgetown which regulates this debt, a report on standartnews.com said.
As of December 31, 2012, the liabilities of Guyana to Bulgaria resulting from a barter protocol in 1984 amounted to US$3,225 million, the report said.
This would have been a period of foreign exchange difficulties here and during an era when Guyana had close ties
