The Guyanese economy rebounded slightly and exhibited moderate economic growth after 1999, due to expansion in the agricultural and mining sectors, a more favourable atmosphere for business initiatives, a more realistic exchange rate, fairly low inflation, and the continued support of international organisations. Guyana held huge amounts of debt which have been written off through various international agencies. In 2003 Guyana qualified for US$329 million of debt relief, in addition to the US$256 million from the original World Bank plan for assisting heavily indebted poor countries in 1999. The Multilateral Debt Relief Initiative in 2006/7 wrote off about US$611 million of Guyana's debt  by the International Monetary Fund, the World Bank and the Inter-American Development Bank. In 2006, Japan finalized its bilateral debt cancellation agreement, in 2007, US$15 million was written off by China and in 2008, Venezuela cancelled US$12.5 million.