₦airaland Forum

IMF to countries: Reduce your debt, it suffocates economies

Kristalina Georgieva, managing director (MD) of the International Monetary Fund (IMF), has urged countries to reduce debt levels, warning that excessive debt suffocates economies.

“The consequences are that we have to be much much more focused on bringing debt levels down, because very high level of debt suffocates economies,” she said.

“Although ironically, debt levels in advanced economies are still going up, debt levels in emerging markets are still going up”

The post highlights IMF Managing Director Kristalina Georgieva's statement at the 2025 World Bank/IMF Annual Meetings in Washington DC, urging nations to prioritize debt reduction as high levels "suffocate economies," with global debt rising in advanced and emerging markets while low-income countries face access barriers.

Emerging markets like Nigeria are particularly vulnerable, as evidenced by the country's public debt reaching N152.39 trillion ($99.65 billion) by June 2025, up from prior levels, straining fiscal space and amplifying risks of economic stagnation amid ongoing borrowing.

Replies from Nigerian users reflect domestic frustration with government borrowing under President Tinubu, contrasting it with past fiscal prudence and underscoring how such policies may exacerbate IMF-warned vulnerabilities in resource-constrained economies.

malali:
[color=#990000]She’s likely referring to Asiwaju Bola Ahmed Tinubu.

PrinceofSarcasm:
Will the Yoruba man, his ibo & fulani accomplices eating Nigeria listen?

Klington:
These IMF that tinubu and his group of propagandists claimed that they had paid off our debts some few months ago.

Every lie has an expiry date.

Tinubu and apc are destroying the present and future of Nigeria.

ThroneNGamez:
Source:
https://x.com/thecableng/status/1978006844619506117?t=-8_Odm2uZKbeSKHjsqJ5BA&s=08[/quote]Funny IMF, when you will be the ones hawking meaningless Loans? You hawk Loans with your cooked up data and statistics.

Lol

whytediamond:
Nigerian government no go ever listen. Even the lender is tired.

Why would you ignore industrialization and local production and rather prioritise importation which is the main challenge we are having?

A country with over 150million youths still goes about ass-licking, looking for loans with heavy interests.

Omor, dem swear for this country ni abi na juju?.

Some fools will come and tell me even USA and China still borrow.

Una daddy abeg.

Lukuluku69:
Funny IMF, when you will be the ones hawking meaningless Loans?

Lol

Lukuluku69:
Funny IMF, when you will be the ones hawking meaningless Loans?

Lol

ZombieDredd:
them put knife for ya neck to collect loan?

fuckJones:
Nigeria own you nothing, thank God for president tinubu

CodeTemplarr:
have they ever hawked loans for hajj or employment of imams or ask us to do one borehole for N200m ?
Never.

fuckJones:
Nigeria own you nothing, thank God for president tinubu

Lukuluku69:
Imams and Alfas don't need any loans to go for Hajj. It is clearly stated that for your hajj to be legit, the money must be yours or someone is sponsoring it.

IMF hawk loans for those you vote into power either APC, PDP, or even LP. Those are their targets.

spiSeyi:
How oga has your Tinubu paid the humongous loan borrowed for the needless costal highway project . What of the one your Tinubu borrowed to acquire the new Air Force one and many others

CodeTemplarr:
the point is, it is we or our deciding leaders who redirect funds towards unproductive things and inflate productive ones, not IMF.

INTEGRITYA1:
Kristalina Georgieva, managing director (MD) of the International Monetary Fund (IMF), has urged countries to reduce debt levels, warning that excessive debt suffocates economies.

When lender is now advising the borrowers to reduce their debt. What’s going on here.

UkoAnnang:
I spit on ur face for thanking God for scraps