Nigerian ECA debt is the subject of Paris Club negotiations on Oct. 18, 2005

18 Oct. 2005, Eurodad, Brussels: Nigeria's external debt, mainly owed to ECA's, will be the subject of Paris Club negotiations on October 18th 2005. It appears that only 60% of this debt will be written off, as compared to 80% in the case of Iraq. This raises many questions about the political background to these negotiations, as well as again raising the issue of why ECA created commercial debt from the public purse to oppressive regimes should be converted to official development assistance.