₦airaland Forum

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/

so long as no pdp to loot it

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.

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:
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 country 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.

silentpath2007:
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

Thanks for the correction

Good man... u are welcome

Boss13:
Thanks for the correction