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Nairaland Forum / Nairaland / General / Politics / Nigerians Are Scared Imf's Lagarde Is In Nigeria 2 Convince PMB To Take A Loan (544 Views)
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Nigerians Are Scared Imf's Lagarde Is In Nigeria 2 Convince PMB To Take A Loan by silentpath2007: 5:12pm On Jan 05, 2016 |
The International Monetary Fund (IMF) has often been criticized over the conditions of its loans which many regard as too intrusive, and believed to compromise the economic and political sovereignty of the receiving countries. The comments that trailed news of IMF Managing Director Christine Lagarde’s arrival in Nigeria, yesterday, was, therefore, not unexpected. Nigeria is in a dire financial state, with the government planning to borrow to shore up a N2.2 trillion deficit in its 2016 budget. Naturally, a visit of the head of a global lender will bring up ideas......... http://thenerveafrica.com/2535/calm-lagarde-not-nigeria-negotiate-loan-conditionalities/ 1 Share
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Re: Nigerians Are Scared Imf's Lagarde Is In Nigeria 2 Convince PMB To Take A Loan by mikolo80: 7:48am On Jan 06, 2016 |
so long as no pdp to loot it |
Re: Nigerians Are Scared Imf's Lagarde Is In Nigeria 2 Convince PMB To Take A Loan by Boss13: 7:53am On Jan 06, 2016 |
Fortunately, the IMF is not the only institution the government can borrow from. On a lighter note, the conditions stipulated in the debt agreement by the IMF are conditions necessary to effect good governance in Africa and because Africa is a continent that has refused to toe on the line of good governance, these conditions, which always include penalty clauses, makes it difficult for Africa countries to repay their loans. |
Re: Nigerians Are Scared Imf's Lagarde Is In Nigeria 2 Convince PMB To Take A Loan by silentpath2007: 8:00am On Jan 06, 2016 |
Erm, Boss are u an African? cos if u were u wont refer to Africa as a country ("because Africa is a country". AFRICA IS A CONTINENT Boss13: |
Re: Nigerians Are Scared Imf's Lagarde Is In Nigeria 2 Convince PMB To Take A Loan by Boss13: 8:10am On Jan 06, 2016 |
silentpath2007: Thanks for the correction |
Re: Nigerians Are Scared Imf's Lagarde Is In Nigeria 2 Convince PMB To Take A Loan by silentpath2007: 8:19am On Jan 06, 2016 |
Good man... u are welcome Boss13: |
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