Debt relief initiative: President Buhari confers with Pakistan prime minister

Debt relief initiative: President Buhari confers with Pakistan prime minister

- President Muhammadu Buhari and his Pakistan counterpart, Prime Minister Imran Khan, have just had a phone conversation

- The two leaders had the conversation barely 48 hours after the president participated in an online meeting of Non-Aligned Movement

- The discussion was based on how debt relief initiative will be launched to help developing countries amid global coronavirus crisis

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President Muhammadu Buhari and the prime minister of the Islamic Republic of Pakistan, his excellency Imran Khan, have just had a phone conversation.

A tweet-statement from the official page of the presidency confirmed that the conversation between the two leaders held on Thursday afternoon, May 7.

The point of discussion, according to the statement, was based on the global initiative on debt relief canvassed by leaders of the Non-Aligned Movement Contact Group (NAM) for developing countries.

Legit.ng recalls that President Muhammadu Buhari on Monday, May 4, participated in an online NAM summit in response to the coronavirus pandemic.

The meeting themed United Against COVID-19 was presided over by the president of the Republic of Azerbaijan and current chair of the NAM, Ilham Aliyev.

One of the areas of discussion was how a debt relief campaign would be launched for developing countries to deal with the COVID-19 pandemic & unprecedented health & socioeconomic challenges facing most of them.

President Ilham, who oversaw the meeting, explained that his country had donated 5 million dollars to the World Health Organisation (WHO) to help combat the deadly Coronavirus disease.

He also disclosed that the country had earmarked 3.5 billion dollars for the implementation of the country’s social interventions programmes.

In a subsequent development, Prime Minister Imran Khan had a pleasant conversation with his Nigerian counterpart on Thursday, and the conversation was channelled towards how developing countries will be saved from the fetter of debt amid coronavirus crisis.

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Meanwhile, Legit.ng reported that Nigeria has secured the $3.4 billion emergency loan it requested from the International Monetary Fund (IMF).

The emergency fund was approved by the IMF board on April 28. It is meant to assist Nigeria’s fight against COVID-19.

IMF managing director, Kristalina Georgieva, disclosed on Tuesday, May that the $3.4 billion had been credited to the CBN’s account.

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