Articles > Reference > News Wires, White Papers, and Books > Xinhua News Agency news wires > October-December 2005 > Thursday, October 20

Article: Roundup: Paris Club writes off Nigeria's 18-billion-dollar debt

Article from:
Xinhua News Agency
Article date:
October 20, 2005
Copyright

Roundup: Paris Club writes off Nigeria's 18-billion-dollar debt

LAGOS, Oct. 20 (Xinhua) -- The Paris Club of creditor counties on Thursday agreed to cancel 60 percent, or 18 billion US dollars of Nigeria's debt owed to it, the biggest ever debt write-off for sub- Saharan Africa.

In a statement published on its website, the 19-member group said it agreed with Nigeria, Africa's most populous country, on "a comprehensive treatment of its debt" following a three-day meeting between them this week.

"This exceptional treatment of Nigeria's debt offers a fair, sustainable, and definitive solution to Nigeria and Paris Club creditors," it said.

"With the large debt relief included in this ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: Paris Club Grants Nigeria $18bn Debt Relief.
Africa News Service;  July 1, 2005 ;     700+ words ... ... treatment from the Paris Club. "This announcement takes place after Nigeria has recently been ... definitive solution to Paris Club creditors and Nigeria. The significant ... important contribution by Nigeria's Paris Club creditors to its ...

Article: Paris Club Defers Decision On Nigeria.
Africa News Service;  June 20, 2005 ;     700+ words ... ... Media via COMTEX) Nigeria may have to wait ... decision of the Paris Club on her quest for ... debt relief for Nigeria may now be in the ... G-8 members of Paris Club who may have insisted ... Consequently, Nigeria will have to pay ... debt it owes the Paris Club as the ...

Article: Update: Paris Club agrees to cancel ...
Xinhua News Agency;  October 20, 2005 ;     584 words ...Update: Paris Club agrees to cancel Nigeria's 18-billion ... definitive solution to Nigeria and Paris Club creditors," it ... this agreement, Paris Club creditors extend their strong support to Nigeria's economic development ...

Article: Paris Club Cancels $20bn of Nigeria's Debt - ...
Africa News Service;  July 1, 2005 ;     700+ words ... ... agreement reached with the Paris Club include that - Nigeria would clear the arrears ... billion on its $30 billion Paris Club debt, following which ... agreement are that the Paris Club has agreed to recognize Nigeria's implementation of ...

Article: Paris Club Grants Nigeria Debt Relief.
Africa News Service;  July 5, 2005 ;     700+ words ... ... agreement with the Paris Club are; (i) Nigeria would clear arrears ... agreement: (a) The Paris Club has agreed to recognize Nigeria's implementation ... c) Following the Paris Club agreement, Nigeria has been invited to ...

Article: Debt Relief: Paris Club Yet to Take Final Decision ...
Africa News Service;  April 9, 2001 ;     700+ words ... ... decision by the Paris Club of creditors to ... programme for Nigeria through the rescheduling ... December, the Paris Club, which is Nigeria's single largest ... track, since the Paris Club is yet to contact ... assessment of Nigeria's implementation ...

Article: Paris Club Creditors Agree in Principle on a ...
Africa News Service;  June 30, 2005 ;     597 words ... ... treatment from the Paris Club. This announcement takes place after Nigeria has recently been ... definitive solution to Paris Club creditors and Nigeria. The significant ... important contribution by Nigeria's Paris Club creditors to its ...

Article: Nigeria agrees debt relief with Paris Club
China Daily;  October 21, 2005 ;     557 words ... ... this agreement, Paris Club creditors extend ... strong support to Nigeria's economic development ... its dues to the Paris Club. The debt deal for Nigeria, which is the ... first phase, Nigeria will pay arrears while Paris Club creditors will ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives