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Tag Archives: Buhari to borrow from World Bank

Buhari to borrow from World Bank, China, Japan

The presidency on Thursday said it had approved an external borrowing plan after the cash-strapped African economy plunged into official recession. “Low cost, long-term loans (1.25% interest, 20yr tenor)” would be sought from the World Bank, African Development Bank, China’s Exim Bank and the Japan International Cooperation Agency, it announced. …

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