Live Breaking News & Updates on Nigeria Owes World Bank Group

The African country also owed international financial institutions – World Bank Group, African Development Bank Group and International Monetary Fund – $20.8 billion as of that time, according to data from the Debt Management Office.   This amounts to 48.17 percent of the total debt profile.   Under the World Bank Group, Nigeria owes the International Development Association about $14 billion and the Int'l Bank for Reconstruction and Development about $485 million.   ....

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