Islamic Finance

Nigeria explains reasons for opposing debt relief to World Bank


Published 23 Oct,2020 via The Nation - Days after kicking against it, Nigeria has told the World Bank and the G20 that debt relief will not sustain the financing needs of Nigeria, Angola and South Africa.

Minister of Finance Budget and National Planning Mrs. Zainab Ahmed, made this disclosure while speaking virtually at the International Monetary Fund (IMF)/World Bank meeting,

Speaking on behalf of Angola and South Africa Constituency, Ahmed commended the Bretton Woods Institutions (BWIs) and the G20 Leadership for the Debt Service Suspension Initiative (DSSI) and calls for its extension.

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tags:

Debt
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Nduka Chiejina (Assistant Editor)