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World Bank lifts unfreezes disbursements

    ABIDJAN
    Niger’s government said on Tuesday that the World Bank had agreed to unfreeze disbursements for eight projects funded by the International Development Agency, now that Niger has paid its outstanding loans, news reports said. Reuters reported that the bank suspended the payouts two months ago when Niger ran up arrears of US. $1.9 million. PANA cited a statement from the Niger prime minister’s office saying that the debt repayment showed the transitional government’s interest in “maintaining the existing confidence between our country and international financial institutions”. During recent strikes by state employees for the payment of salary arrears, the government insisted that its priority was to pay off its debts.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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