Mr Tobias Adrian said this on Wednesday during the launch of the Global Financial Stability Report for April, 2019 at the IMF/World Bank meetings in Washington D.C, U.S.“On the other hand, what is very important in lending arrangements are the terms of the loans and we urge countries to make sure that when they borrow from abroad the terms are favourable.
On Nigeria’s rising debt levels, Adrian said that the IMF was not overly concerned, as it would allow the country to invest more in developing critical infrastructure. The April 2019 Global Financial Stability Report finds that in spite of significant variability over the past two quarters, financial conditions remained accommodative.As a result, financial vulnerabilities have continued to build in the sovereign, corporate, and non bank financial sectors in several systemically important countries, leading to elevated medium-term risks.
vanguardngr Thanks a lot lMF for speaking out. Our leaders want to seal Nigeria
vanguardngr IMF and world Bank are jst being jelous of China, the world is changing, even Europe r moving towards China
vanguardngr IMF again? Smh
vanguardngr If Nigeria stop taking loan from China, Nigeria shld go back taking loan from IMF
vanguardngr They wouldn't listen but will call them wailers
vanguardngr Lol... IMF