President Muhammadu Buhari has called on leaders of the “Global South” to agree on a common agenda on ways to reduce the increasing burden of debt and inflation on that region of the world.
According to him: “This huge debt burden has significantly derailed many countries’ development plans. The effect of the COVID-19 pandemic and the Russia/Ukraine conflict has further aggravated the situation. While appreciating the Prime Minister of India, Narendra Modi, for inviting him to participate in the Summit, President Buhari noted that the Global South was driven by historical ties and sense of deep solidarity in pursuit of bridging the gap between the South and the North.
Source: Loan Digest (loandigest.net)
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