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 Topic International Relations Remove constraint Topic: International Relations
- 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