IMF advice's Nigeria and others against Taking Loans From China
The International Monetary Fund (IMF) has warned Nigeria and other developing countries against taking loans from China due to unfavourable loan conditions.
This was made known by the Financial Counsellor and Director of the Monetary and Capital Markets Department of the IMF, Tobias Adrian on Wednesday during the launch of the Global Financial Stability Report for April 2019 at the IMF/World Bank meetings in Washington D.C.
Adrian said: “Capital flows, which includes capital flows from China, are, of course, important for development.
click here for more details
No comments:
Post a Comment