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Nigeria urges 'appropriate' debt solutions for middle-income countries

Published 17/04/2020, 01:15

WASHINGTON, April 16 (Reuters) - Nigerian Finance Minister
Zainab Ahmed said an agreement by official bilateral creditors
to suspend debt payments by the poorest countries harmed by the
coronavirus pandemic was a welcome first step, but "appropriate"
solutions were also needed for middle-income countries with debt
challenges.
In remarks prepared for delivery on Friday at the World
Bank's Development Committee, Ahmed urges the Bank and other
multilateral institutions to explore ways of participating the
debt relief initiative.
In the remarks, she also raises concerns about export
restrictions that are resulting in shortages of medical supplies
and food, warning they could cause hunger and social unrest in
some developing countries.

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