LAGOS: Nigeria has repaid $3.4 billion in emergency funding it received from the International Monetary Fund (IMF) to help the country cope with the impact of the coronavirus pandemic five years ago, the global lender said on Thursday.
In April 2020, the IMF provided the financing to help Africa’s largest oil exporter cope with a collapse in crude prices, which hit its finances and tipped the economy into recession.
IMF resident representative to Nigeria Christian Ebeke said in a statement that, as of April 30, the country had “fully repaid the financial support” it received under the Fund’s Rapid Financing Instrument, a facility that provides urgent balance of payments funding to member nations.
“Nigeria is expected to honor some additional payments in the form of Special Drawing Rights charges of about $30 million annually,” Ebeke added.
The most recent data from the Debt Management Office shows that Nigeria last year spent $4.66 billion to service its foreign debt, of which $1.63 billion was to the IMF.
IMF says Nigeria repays $3.4 billion COVID-19 funding
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IMF says Nigeria repays $3.4 billion COVID-19 funding
- In April 2020, the IMF provided the financing to help Nigeria
- “Nigeria is expected to honor some additional payments,” Ebeke added
British tourists ordered to leave India over ‘free Palestine’ stickers
- Pushkar, an ancient temple site, has lately gained popularity among Israelis
- British nationals whose visas were canceled are still in town, police say
NEW DELHI: Two British nationals have been ordered to leave India after their visas were canceled for pasting Palestine stickers in a popular temple town in the western state of Rajasthan.
Ajmer district police, who oversee Pushkar, one of the oldest Hindu pilgrimage sites, issued on Feb. 2 “leave India” notices to a British man and woman for violating tourist visa regulations “by pasting stickers against another country.”
Photos of the stickers, which were shared by the local media, read: “Free Palestine,” “Boycott Israel,” and featured the Palestinian flag.
According to the police, they were plastered at “two or three locations” in Pushkar, and on Jan. 21 a complaint was filed with the local police.
“In Pushkar lives an Israeli religious guru, and they have a prayer house. Pushkar is a tourist place and if people start indulging in such activities, then the message goes wrong,” Additional Superintendent of Police Rajesh Meena, who issued the “leave India” notice, told Arab News on Thursday.
The couple were still in Pushkar, but the police had given them a deadline to leave the country.
“They have one and a half months’ time, they have booked their return tickets, and they will leave,” Meena said.
Abhishek, a journalist in Pushkar who documented the stickers, said that the town had gained in popularity among Israeli tourists over the past few years.
“They prefer this place because of the cost-effective hostels and accommodation. In 2019, they opened a religious place for themselves, and they worship there,” he said.
“In 2019-20, they played loud music and there was resistance from the locals initially, but later on the locals adjusted.”
