Ndubuisi Francis in Abuja The Debt Management Office (DMO) has said news making the rounds that the World Bank had listed Nigeria among 10 high-debt risk nations was false but misleading. The debt …
The Debt Management Office has said news making the rounds that the World Bank had listed Nigeria among 10 high-debt risk nations was false but misleading.
It described the newspaper publication as not only false and misleading, but also suggests an inadequate understanding of the essence of the World Bank’s report. The DMO said it was important to re-emphasise that the World Bank’s Report, which was misrepresented in the said newspaper publication was focused only on the composition of IDA’s loan portfolio and did not make any reference to the debt sustainability of the top 10 beneficiary countries of IDA loans, such as India, Pakistan, Nigeria, Kenya and Ghana that the newspaper erroneously referred to as ‘high-debt risk nations’.
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