World Bank Warns Nigeria, Others as Investors Shun Debt-ridden Economies
The World Bank has warned that foreign private capital is retreating from developing economies such as Nigeria and others due to rising debt levels and weak growth prospects, and called for urgent debt reforms.
The warning...
COVID-19 Pushes Global Debt To $256trn – IMF
The COVID-19 pandemic pushed global debt to a record $255 trillion in 2020, according to the International Monetary Fund (IMF).
The Director, Fiscal Affairs Department of the Fund, Mr. Victor Gaspar, disclosed this during a virtual press conference,...
As Global Debt Hits $184trn, IMF Warns Nigeria
The International Monetary Fund said on Wednesday that global debt had reached an all-time high of $184trn in nominal terms, the equivalent of 225 per cent of Gross Domestic Product in 2017, warning of “a legacy of...
