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Nigeria may benefit as IMF, World Bank plan debt reduction for IDA countries

... propose $25bn supplemental COVID Emergency Financing Package to IDA ...to provide over $50bn in grants or highly concessional credits by June 2021

Given the urgency of the debt crisis, Nigeria may benefit as the International Monetary Fund (IMF) and World Bank have proposed to undertake a joint action plan on debt reduction for the most indebted International Development Association (IDA) countries. “We’ll discuss it this week with Governors during our Annual Meetings. It’s urgent to make rapid…



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