You searched for: Content Type Policy Brief Remove constraint Content Type: Policy Brief Publishing Institution The Brookings Institution Remove constraint Publishing Institution: The Brookings Institution Political Geography United Kingdom Remove constraint Political Geography: United Kingdom Publication Year within 25 Years Remove constraint Publication Year: within 25 Years Topic International Relations Remove constraint Topic: International Relations
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  • Publication Date: 08-2005
  • Content Type: Policy Brief
  • Institution: The Brookings Institution
  • Abstract: Intense domestic pressure has convinced Nigerian President Olusegun Obasanjo to seek a deal that would eliminate the country's $31 billion of debt owed to the governments of the U.K., France, and other aid-giving countries that use the Paris Club process to restructure debt that countries cannot repay. The Paris Club creditors have proposed an unprecedented operation—its first-ever buyback at a discount—that would cancel all of Nigeria's debt to them in exchange for a cash payment of roughly $12 billion.
  • Topic: Conflict Resolution, International Relations, Debt
  • Political Geography: Africa, United Kingdom, Paris, France, Nigeria