More than a quarter of Cameroon's national debt has been cancelled by creditors including the World Bank and the International Monetary Fund. The reduction amounts to about 27% of Cameroon's total debt, worth $4.9bn (£2.6bn;3.8bn euros) in cash terms. The decision makes Cameroon the 19th state to complete the Heavily Indebted Poor Countries (HIPC) initiative. Cameroon was given the reduction after meeting poverty reduction targets and social services investments.