The Federal Government has barred banks in the country from giving loans to state governments. The decision was taken in line with the Fiscal Sustainability Plan, FSP, which has been agreed to by the Federal Government’s economic team and state governors, to ensure prudent management...

The Federal Government on Monday said it would encourage state governments to raise long-term funds from the capital market to finance capital projects. It said rather than the states looking at the banking sector to raise funds, the capital market would be assisted to play...

A conditional budget support facility to provide financial relief to state governments is being finalised by the Federal Government, the Ministry of Finance has said. The ministry said the proposed facility, aimed at providing support to overcome the current financial challenges, would be subject to...