Buhari seeks debt cancellation at UN General Assembly

President Muhammadu Buhari has called for outright debt cancellation for developing countries facing the most severe challenges particularly due to the COVID-19 Pandemic.

The president made this call on Friday at the 76th session of the UN General Assembly (UNGA) currently holding in New York

The President called on world leaders to urgently review the eligibility criteria for debt suspension, including debt cancellation to all developing countries, Least Developed Countries, Small Island Developing States facing fiscal and liquidity challenges.

He urged the G-20 countries to consider expansion and extension of the Debt Service Suspension Initiatives.