World Bank, IMF to expedite execution of G20 debt relief for Nigeria, others

The World Bank and the International Monetary Fund have disclosed plans to fast track the implementation of the G20 debt relief scheme.

At a briefing attended by IMF Managing Director Kristalina Georgieva, World Bank President David Malpass said the institutions would help debtor nations achieve development and macro-economic stability. “The ongoing war in Ukraine and weak economic outlook with rising inflation and the likely tightening in financing conditions will make the debt burden worse.

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Debt servicing: Nigeria paid $598.59m to World Bank, China in 2021 - ReportNigeria spent $598.59m on servicing the debts owed to the World Bank and the Exim Bank of China in 2021, according to an analysis of data on actual external debt service payments from the Debt Management Office. Thank God i am no more owing China 12k It should have dropped to 10k Debt servicing Nigeria is finished. FollowForFollowBackAsap'
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