West Africa: Liberia hails $1.2bn debt pardon by Paris Club

Liberia's government says the decision by a group of creditor nations to write off its debt will allow the country to write a "new Liberian story". The 19-nation Paris Club pardoned $1.2bn (£764m) worth of debt owed by the West African country. Liberia's Finance Minister, Augustine Ngafuan, told the BBC's Network Africa that debt servicing took up large amounts of its national budget.