World Bank, IMF, Others Suspend Debt Service   Four global multilateral institutions – World Bank, International Monetary Fund, G20 and Paris Club – yesterday agreed to a time-bound debt service payment suspension for world’s poorest economies that request forbearance. IMF Managing Director, Kristalina Georgieva, who broke the...

Debt Service To Revenue Ratio Rises To 48%     The revision of the 2020 revenue framework has raised the Federal Government’s debt service to revenue ratio from the initial 29 per cent to 48 per cent. The Executive last Wednesday sent a revised 2020 budget proposal to...