• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
World Bank To Invest $150bn In Africa In 5 Years

Nigeria Not A Beneficiary Of Debt Suspension- World Bank

4 years ago
Nigeria's Electoral Commission Announces Date For Collection Of Voters Cards

Ethiopia To Launch Digital Voting In 2026 General Elections

8 minutes ago
Kenya: Ruto Says Death Of Blogger In Police Custody “Heartbreaking”

Kenya: Ruto Says Death Of Blogger In Police Custody “Heartbreaking”

1 hour ago
SA: After Political Impasse, Parliament Passes Budget Framework

SA: After Political Impasse, Parliament Passes Budget Framework

3 hours ago
EU Blacklists Algeria, Lebanon Over Money Laundering, Delists UAE

EU Blacklists Algeria, Lebanon Over Money Laundering, Delists UAE

5 hours ago
China Grants Full Tariff Relief To African Nations

China Grants Full Tariff Relief To African Nations

5 hours ago
Wednesday, June 11, 2025
  • About
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Cameroon: Police Lay Siege At Opposition Leader’s Home

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    At Tanzania Summit, African Leaders Call For End To DRC Conflict

    Rwanda Exits Central African Regional Bloc Over Row With DRC

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Sudan’s New Prime Minister Disbands Caretaker Government

    Sudan’s New Prime Minister Disbands Caretaker Government

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Tanzania: Lawyers Seek UN Intervention Over Detention Of Opposition Leader

    Heritage Times Congratulates Dr. Sidi Ould Tah As President-Elect Of AfDB 

  • Economy
    SA: After Political Impasse, Parliament Passes Budget Framework

    SA: After Political Impasse, Parliament Passes Budget Framework

    China Grants Full Tariff Relief To African Nations

    China Grants Full Tariff Relief To African Nations

    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Binance

    After His Ordeal In Nigeria, Gambaryan Has Quit His Role At Binance

    Elon Musk Loses $34 Billion Amid Clash With Trump

    Elon Musk Loses $34 Billion Amid Clash With Trump

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    Uganda: Museveni Holds Talks With Elon Musk’s Starlink Executive

    World Bank Lifts Loan Restriction Placed On Uganda Over Anti-Gay Legislation

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

    South Africa’s Economy Stalls With 0.1% Growth As Structural Challenges Persist

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Cameroon: Police Lay Siege At Opposition Leader’s Home

    Cameroon: Police Lay Siege At Opposition Leader’s Home

    At Tanzania Summit, African Leaders Call For End To DRC Conflict

    Rwanda Exits Central African Regional Bloc Over Row With DRC

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    SA: Top Official Of Jacob Zuma’s Party Sacked After Visiting Malawian Pastor Accused Of Fraud

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Mongolia: After Weeks Of Demonstrations Over Family Lavish Lifestyles, PM Resigns

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Poland: Conservative Opposition Candidate Wins Presidential Election In Tight Race

    Sudan’s New Prime Minister Disbands Caretaker Government

    Sudan’s New Prime Minister Disbands Caretaker Government

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Ivory Coast: Opposition Coalition Insists On Electoral Reforms Ahead Of Polls

    Tanzania: Lawyers Seek UN Intervention Over Detention Of Opposition Leader

    Heritage Times Congratulates Dr. Sidi Ould Tah As President-Elect Of AfDB 

  • Economy
    SA: After Political Impasse, Parliament Passes Budget Framework

    SA: After Political Impasse, Parliament Passes Budget Framework

    China Grants Full Tariff Relief To African Nations

    China Grants Full Tariff Relief To African Nations

    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

    Binance

    After His Ordeal In Nigeria, Gambaryan Has Quit His Role At Binance

    Elon Musk Loses $34 Billion Amid Clash With Trump

    Elon Musk Loses $34 Billion Amid Clash With Trump

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    World Bank Seeks Stronger, Results-Focused Partnerships For Africa’s Development

    Uganda: Museveni Holds Talks With Elon Musk’s Starlink Executive

    World Bank Lifts Loan Restriction Placed On Uganda Over Anti-Gay Legislation

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    South Africa's Economy Stalls With 0.1% Growth As Structural Challenges Persist

    South Africa’s Economy Stalls With 0.1% Growth As Structural Challenges Persist

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

Nigeria Not A Beneficiary Of Debt Suspension- World Bank

August 19, 2021
in Economy, World
0
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

 

By Chioma Iruke

Relatedreading

Ethiopia To Launch Digital Voting In 2026 General Elections

SA: After Political Impasse, Parliament Passes Budget Framework

The World Bank has said Nigeria is not a beneficiary of its debt service suspension initiative established by G20 countries.

Recall that President Muhammadu Buhari had at the Financing Africa Summit in Paris in May this year, called on European countries and global financial institutions to consider debt relief for African countries, adding that this would assist in reducing the devastating effect of the coronavirus pandemic on the countries.

The bank’s statement was contained in a brief on ‘COVID-19: Debt service suspension initiative’ published on the bank’s website.

It said, “COVID-19 has dealt a major blow to world’s poorest countries, causing a recession that could push more than 100 million people into extreme poverty.

“That is why the World Bank and the International Monetary Fund urged G20 countries to establish the Debt Service Suspension Initiative. The DSSI is helping countries concentrate their resources on fighting the pandemic and safeguarding the lives and livelihoods of millions of the most vulnerable people.”

It added that the initiative, which started in May 2020, had delivered over $5bn in relief to over 40 eligible countries.

The suspension period, which was originally set to end on December 31, 2020, was extended to December 2021.

The brief also revealed that Nigeria is not covered under the joint Bank-Fund Debt Sustainability Framework for Low-Income Countries.

As of March 31, 2020, Nigeria owes World Bank $11.51bn, which is about 35.02 per cent of Nigeria’s foreign portfolio.

Tags: CBNGodwin EmefieleMuhammadu BuhariWorld Bank
ShareTweetSend
Previous Post

Foreign Companies Owe Us $4bn- Nigerian Govt

Next Post

De Bruyne, Kante, Jorginho Nominated For UEFA Player Award

Related Posts

Nigeria's Electoral Commission Announces Date For Collection Of Voters Cards

Ethiopia To Launch Digital Voting In 2026 General Elections

June 11, 2025
SA: After Political Impasse, Parliament Passes Budget Framework

SA: After Political Impasse, Parliament Passes Budget Framework

June 11, 2025

China Grants Full Tariff Relief To African Nations

UN Peacekeepers Escape Attack In Southern Lebanon

Zimbabwe Bans Export Of Lithium Used In Battery Manufacturing

After His Ordeal In Nigeria, Gambaryan Has Quit His Role At Binance

Next Post
De Bruyne, Kante, Jorginho Nominated For UEFA Player Award

De Bruyne, Kante, Jorginho Nominated For UEFA Player Award

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Nigeria's Electoral Commission Announces Date For Collection Of Voters Cards

Ethiopia To Launch Digital Voting In 2026 General Elections

June 11, 2025
Kenya: Ruto Says Death Of Blogger In Police Custody “Heartbreaking”

Kenya: Ruto Says Death Of Blogger In Police Custody “Heartbreaking”

June 11, 2025
SA: After Political Impasse, Parliament Passes Budget Framework

SA: After Political Impasse, Parliament Passes Budget Framework

June 11, 2025
EU Blacklists Algeria, Lebanon Over Money Laundering, Delists UAE

EU Blacklists Algeria, Lebanon Over Money Laundering, Delists UAE

June 11, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

Ethiopia To Launch Digital Voting In 2026 General Elections

June 11, 2025

Kenya: Ruto Says Death Of Blogger In Police Custody “Heartbreaking”

June 11, 2025

SA: After Political Impasse, Parliament Passes Budget Framework

June 11, 2025

EU Blacklists Algeria, Lebanon Over Money Laundering, Delists UAE

June 11, 2025

China Grants Full Tariff Relief To African Nations

June 11, 2025

SA: Eight Bodies Found After Flood Swept Away School Bus

June 11, 2025

England Succumb To First African Defeat In Senegal Friendly

June 11, 2025

UN Peacekeepers Escape Attack In Southern Lebanon

June 10, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

AfDB Set For A New President, As Ould Tah Gains Continental Endorsement

How Dangote Is Turning Trump’s Trade War Into Africa’s Opportunity

Nigeria @ 64: Meet Young Luminaries Leading Social Transformation

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • Privacy Policy

© 2024 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • About HT
  • Contact us

© 2024 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In