Nigeria: IMF Cautions Nigeria Against Misusing Borrowed Funds

12 October 2017

Abuja and Lagos — The International Monetary Fund (IMF) yesterday cautioned Nigeria against misusing borrowed fund saying the growth being experienced in the country and others will be at risk if the funds borrowed are not used judiciously.

IMF while unveiling the Global Financial Stability report at its headquarters in Washington, yesterday said, "External borrowing in emerging markets and low-income countries have increased," Tobias Adiran, financial counsellor and director of monetary and capital market of the organisation said.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.