ABUJA — Nigeria has requested a total of $6.9 billion from the International Monetary Fund (IMF), World Bank and African Development Bank (AfDB) to combat the impact of the novel coronavirus pandemic, the finance minister said on Monday. Zainab Ahmed said at a news conference in the capital, Abuja, that Nigeria requested $3.4 billion from the IMF, $2.5 billion from the World Bank and $1 billion from the AfDB. Ahmed said Nigeria was one of several African countries seeking the suspension of debt-servicing obligations for 2020 and 2021 from multilateral lenders. She said the IMF support would not be tied to a formal programme and would not come with conditions attached since it was money Nigeria had already contributed to the Fund.

Source: International New York Times April 06, 2020 11:48 UTC