The International Monetary Fund (IMF) has highlighted Nigeria’s heavy debt-servicing obligations, urging the country to adopt innovative revenue mobilisation strategies to alleviate financial strain. Davide Furceri,…
Browsing: Debt relief
Former President Olusegun Obasanjo has shared insights into Nigeria’s debt relief efforts and foreign reserves growth during his administration. Speaking exclusively with News Central TV on…
The government in Somalia has hosted celebrations in the capital, Mogadishu, following the announcement by the International Monetary Fund (IMF) and the World Bank of $4.5…
China has offered Rwanda a $7.1 million debt relief or 50 million RMB Yuan on a loan used to build the 6.36-kilometre Masaka-Kabuga road under the…
Under the G20 framework, 15 other African countries have also received waivers of matured interest-free loan.
Paris Club has granted Kenya’s request for a suspension of its debt service. Through the organisation’s Debt Service Suspension Initiative (DSSI), the Paris Club gave Kenya…
Some relief of the financial burden on developing countries is becoming a reality and one of the lucky beneficiaries is Mali as The Paris Club of…
African countries face a combined $44 billion debt-servicing bill this year alone. The Africa Private Creditor Working Group (AfricaPCWG) on Friday said it will coordinate the views of over 25 asset managers and financial institutions representing total assets under management in excess of $9 trillion.