US Ex-Im Bank promotes Nigerian economic progress - i.e. debt free riding continues

(AllAfrica.com, Abuja, 14 Nov. 2007) Nigeria's recent economic progress has led the Export-Import Bank of the United States (Ex-Im Bank) to expand support for Nigerian purchases of U.S. goods and services exports. As noted in the March 2007 What's New, ECAs taking advantage of debt forgiveness by the Paris Club have raised World Bank concerns that lenders are free riders, riding on the largesse of the Bank, IMF and bilateral lenders which have cancelled debts, and are threatening previously indebted countries’ longer term debt sustainability.