The Paris Club of creditor countries has agreed the outline of a debt relief package for Nigeria. About $18bn (£10bn) of debt will be written off and Nigeria plans to buy back a chunk of outstanding loans. The country owes the rest of the world $35bn, and the new talks are linked to an agreement between Nigeria and the IMF on debt repayments.
Links
[1] https://www.pambazuka.org/author/contributor
[2] https://www.pambazuka.org/taxonomy/term/3303
[3] https://www.pambazuka.org/article-issue/214
[4] https://www.pambazuka.org/taxonomy/term/3274
[5] http://www.pambazuka.org/en/category.php/development/28801
[6] https://www.pambazuka.org/taxonomy/term/3284