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IMF Urges Nigeria, Other African Nations To Cut Fiscal Deficits By 3% Of GDP - Business - Nairaland

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IMF Urges Nigeria, Other African Nations To Cut Fiscal Deficits By 3% Of GDP by Femiolu2000: 12:52pm On Sep 28, 2023
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.

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