Domestic Borrowing Threatens Nigeria’s Economic Stability
Apr 19, 2022 ·
45s
The International Monetary Fund has warned that increasing levels of domestic government borrowing from banks in Nigeria and other emerging markets could threaten the country’s financial stability. The IMF says...
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The International Monetary Fund has warned that increasing levels of domestic government borrowing from banks in Nigeria and other emerging markets could threaten the country’s financial stability.
The IMF says the pandemic has increased the amount of government debt emerging-market banks are holding, which could increase the pressures on public-sector finances, and threaten financial stability in the process.
The Lender added that authorities should act to minimise the risk.
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The IMF says the pandemic has increased the amount of government debt emerging-market banks are holding, which could increase the pressures on public-sector finances, and threaten financial stability in the process.
The Lender added that authorities should act to minimise the risk.
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