IMF: debt service may consume 60% of govts’ revenues

IMF: debt service may consume 60% of govts’ revenues 

The International Monetary Fund (IMF) has warned that Nigeria and other oil producing countries in Africa may be overburdened with the high cost of debt servicing. It said such costs are expected to absorb over 60 per cent of governments’ revenues this year in Nigeria, Angola and Gabon. Public debt, the IMF said, rose above 50  perRead More

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Source: IMF: debt service may consume 60% of govts’ revenues 

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