Nigeria’s finances, debt relief uptake on the rise

Nigeria’s revised budget for 2020 is nearing a final hurdle of approval, but the deficit will probably exceed the government's expectations. And despite the recent rise in oil prices and easing external financing constraints, the authorities may still need to turn to some form of debt restructuring to reduce strains in the public finances. Elsewhere in the region, momentum is growing to take part in bilateral debt relief efforts
Virag Forizs Emerging Markets Economist
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