The International Monetary Fund (IMF) has called upon countries in the Sub-Saharan Africa region, including Nigeria, to reduce their fiscal deficits by three percent to prevent potential debt crises. This appeal was made in a report titled “How to Avoid a Debt Crisis in Sub-Saharan Africa.”

The report, authored by a team of IMF staff led by Fabio Comelli, a senior economist in the IMF’s African Department, outlines five policy actions that African governments, including Nigeria, can take to maintain the sustainability of public finances while pursuing their development objectives.

CONTINUE READING
https://www.veryserial.com/imf-urges-nigeria/