Nigeria's Paris Club Debt Problem

Author:
Lex Rieffel
Publisher:
Brookings Institution
Publication Date:
1 August 2005
Tags:
Nigeria, Debt, Environment

Intense domestic pressure has convinced Nigerian President Olusegun Obasanjo to seek a deal that would eliminate the country's $31 billion of debt owed to the governments of the U.K., France, and other aid-giving countries that use the Paris Club process to restructure debt that countries cannot repay.

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