Search

 

Cablegate: Nigeria Close to Concluding Bilateral Debt

This record is a partial extract of the original cable. The full text of the original cable is not available.

UNCLAS ABUJA 002332

SIPDIS


SENSITIVE


E.O. 12958: N/A
TAGS: ECON EFIN NI
SUBJECT: NIGERIA CLOSE TO CONCLUDING BILATERAL DEBT
RESCHEDULING AGREEMENTS WITH DUTCH AND GERMANS


REF: A. ABUJA 1375
B. ABUJA 1528
C. ABUJA 1914
D. ABUJA 2073


Sensitive but Unclassified, please protect accordingly.


In conversations September 13 and 14 with Economic Officers
of the German and Dutch Missions in Nigeria, EconOff was
informed that both Germany and the Netherlands have finalized
the terms of the bilateral debt rescheduling agreements,
which are now waiting signature. The agreement specifics are
not known at Post, except that the Germany-Nigeria agreement
reportedly includes a fixed interest rate of 5.3 percent and
a grace period (without accrual of interest) of 30 days on
overdue payments.
Andrews

© Scoop Media

 
 
 
World Headlines

 


Myanmar: Military Must Stop Murdering And Jailing Protestors – Bachelet

UN High Commissioner for Human Rights Michelle Bachelet on Thursday said security forces in Myanmar must “halt their vicious crackdown on peaceful protestors,” following another day of deadly violence across the country on Wednesday... More>>

Syria: Economic Decline, Rising Hunger And Surging Humanitarian Needs

Syria’s fragile economy has “suffered multiple shocks” over the past 18 months, with its currency plummeting and joblessness swelling as people struggle to cover their basic needs, the UN Emergency Relief Coordinator told the Security Council ... More>>

OECD: Final Quarter Of 2020 Shows Continued Recovery In G20 International Merchandise Trade

G20 international merchandise trade continued to rebound in the fourth quarter of 2020 ( exports up 7.2% and imports up 6.8%), following the sharp falls seen in the first half of 2020, as lockdown measures affected trade globally. Although growth ... More>>


Focus On: UN SDGs


UNFCCC: Greater Climate Ambition Urged As Initial NDC Synthesis Report Is Published

UN Climate Change today published the Initial NDC Synthesis Report, showing nations must redouble efforts and submit stronger, more ambitious national climate action plans in 2021 if they’re to achieve the Paris Agreement goal of limiting global temperature rise by 2°C—ideally 1.5°C—by the end of the century... More>>


2021: Critical Year To ‘reset Our Relationship With Nature’ – UN Chief

During this time of “crisis and fragility”, the UN chief told the United Nations Environment Assembly on Monday that human well-being and prosperity can be vastly improved by prioritizing nature-based solutions. Painting a picture of the turmoil ... More>>


Paris Agreement: UN Secretary-General António Guterres To Mark U.S. Reentry With Envoy For Climate John Kerry

Watch live at webtv.un.org UN Secretary-General António Guterres will join U.S. Special Presidential Envoy for Climate John F. Kerry at an event marking the United States’ reentry into the Paris Agreement this Friday. The discussion with the Secretary-General ... More>>