For our country, this decision meant a write-off of about USD 2 billion in the stock of external debt, being USD 1.3 billion from the World Bank, 540 million from the African Development Bank and 154 million from the IMF.
6  “Basel III Capital: A Well-Intended Illusion”, remarks by FDIC Vice-Chairman Thomas M. Hoenig to the International Association of Deposit Insurers, 2013 Research Conference in Basel, Switzerland. 7  Changes in banks’ share prices and overall stock market in the euro area (from early April to end 2013).