Tag: G20 Debt Service Suspension Initiative (DSSI)
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Nigeria, Others Face High Risk Of Debt Distress – IMF

The International Monetary Fund (IMF) has warned that Nigeria and 72 other countries were at high risk of debt distress. The Washington, US-based institution gave the warning in its latest report titled ‘Restructuring Debt of Poorer Nations Requires More Efficient Coordination’ published on Thursday. It reported: “Low-income countries face fewer debt challenges today than they […]

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Low-Income Countries’ Debt Peaks At $860Bn In 2020

The World Bank in a new report released on Monday stated that efforts by governments around the world to tackle the COVID-19 pandemic with massive fiscal, monetary, and financial stimulus packages further aggravated loc-income countries’ debt stock, rising by 12 percent to a record $860 billion in 2020. The Breton Woods institution noted that while […]