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Thursday 19 October 2017

World Bank denies diagreeing with Adeosun

The World Bank Group has said that it did not disagree with
Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, over the country’s borrowings aimed at stimulating the economy and financing infrastructure projects.
The bank, however, said its Senior Economist for Nigeria, Gloria Joseph-Raji, was rather misrepresented and quoted out of context in his comments at an event in Abuja last week.
In a statement signed yesterday by the Senior Communications Officer of the World Bank Group, Rachid Benmessaoud and made available to The Guardian, the bank said that at no point did Joseph-Raji mention that the World Bank and the Federal Government disagreed on the need to rebalance the country’s debt portfolio.
Source Guardian Newspaper.

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