Tags : IMF

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DBN DISBURSES N31BN TO MSMES

Washington Development Bank of Nigeria (DBN) disbursed N31 billion to Micro Small and Medium Enterprises (MSMEs) in the country in its first full year of operation in 2018. Participants at Vanguard Economic Forum Series on MSMEs Managing Director of the bank, Mr. Tony Okpanachi, disclosed this at the on-going Spring Meetings of the International Monetary […]Read More

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IMF Puts Global Debt at $180Trn.

The International Monetary Fund (IMF) has put the global debt at $180 trillion, warning highly indebted emerging-markets and low-income countries against what it termed pro-cyclical fiscal policies. IMF Managing Director, Christine Lagarde, in a statement issued at the conclusion of the Group of 20 (G-20) Summit in Buenos Aires, called for collaborative action by G-20 […]Read More

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Nigeria Servicing Debt Over 50% Revenue.

The International Monetary Fund on Thursday painted the precarious situation of the nation’s economy in particular and Sub-Saharan Africa’s, in general, going by how much the country and the region spend on debt servicing. According to the Breton Woods financial institution, Nigeria spends more than 50 per cent of its revenues on servicing debts, a […]Read More