President Muhammadu Buhari has urged 'developed countries' to cancel debts owed by 'poor countries', amid the COVID-19 pandemic. Buhari stated this while speaking at a UN-backed high-level meeting that was held virtually. \u201cThere is an urgent need for weak and needy countries especially those of Africa, to receive a fresh reprieve. \u201cDebts must be forgiven
President Muhammadu Buhari has urged ‘developed countries’ to cancel debts owed by ‘poor countries’, amid the COVID-19 pandemic.“There is an urgent need for weak and needy countries especially those of Africa, to receive a fresh reprieve.
“Debts must be forgiven and cancelled. Free additional resources are needed urgently through an international consensus to enable poor countries work to reverse the devastation of COVID-19 to the human race,” Buhari said.According to Buhari, “the sharp decline in international oil prices which has negatively impacted revenues and growth, worsened external and domestic positions”.
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