Debt Relief

By Timothy Choji Nigeria has called for the recovery of the proceeds of corruption and illicit financial flows, adding that the return of such funds to countries of origin is a fundamental principle of the United Nations Convention…

China has agreed to restructure Cuban debt and provide new trade and investment credits to the beleaguered Caribbean Island nation after a meeting in Peking between the two Communist countries’ leaders.

The International Monetary Fund (IMF) has approved a debt relief plan for Sudan. Following the IMF Executive Board’s approval on a financing package for the Northeastern African country, Ms. Kristalina Georgieva, Managing Director…

The International Monetary Fund (IMF) has approved the disbursement of $488 million to Angola and reiterated its confidence that Africa’s second-biggest oil producer will rein in public debt to sustainable levels. The…