Thursday 19 October 2017
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7 days ago

IMF warns Nigeria over rising foreign debt



The International Monetary Fund (IMF) yesterday warned the Federal Government about its rising debt profile, especially of foreign loans.


Speaking yesterday at the ongoing World Bank/IMF Annual Meetings in Washington D.C, IMF Director, Monetary and Capital Markets Department Tobias Adrian, lamented that external borrowing in emerging markets and low-income countries, which includes Nigeria, is rising.

Adrian who unveiled the Global Financial Stability Report said such

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