World Debt Record Hit $184trn in 2017, US, China, Japan Top Borrowers List– IMF
The International Monetary Fund (IMF) says world debt has hit an all-time high record of $184 trillion, an upward review from the $182 trillion it reported the week…
Incredible! Bank gives out $12bn ‘loan’ by mistake
Central African Republic (CAR)Â landed a windfall on Tuesday, at least on paper, when Russian state bank VTB reported it had lent the country 12 billion dollars. However, the bank…
Debt-Distressed African Countries Again Look to IMF
By: Akani Chauke By the International Monetary Fund (IMF’s) own admission, there are circumstances where African governments’ debt levels are so high they become unsustainable, such that the…
Global Financial Stability Report October 2018: A Decade after the Global Financial Crisis: Are we Safer?
The October 2018 Global Financial Stability Report (GFSR) by the IMF reveals that global near-term risks to financial stability have increased somewhat, reflecting mounting pressures in emerging market economies and…
IMF sees Nigeria’s GDP rise by 2.3% in 2019
Sub-Saharan Africa has Nigeria to thank for better economic growth prospects next year. The region’s economy will probably expand 3.8 percent in 2019, the International Monetary Fund said in its…