OPINION/EDITORIAL

Decline in the FGN’s External Debt Service

Culled—Proshare April 16, 2020 By FBNQuest Research                                                                                   Total debt service on the FGN’s external obligations amounted to US$1.33bn in 2019 including US$250m in the fourth quarter. (Payments were considerably higher the previous year because the FGN declined to refinance a sovereign Eurobond that matured in Q3 2018.) In normal […]

AfDB: Why Adesina Deserves a Second Term

During his tenure, the bank has seen its fortunes rise on several fronts, including the largest general capital increase in its history with a capital base of $208 billion dollars April 16, 2020 By Lewis Chukwuma The African Development Bank Group (AfDB) is Africa’s premier development finance institution. It comprises […]

COVID-19 Pandemic and the Asia-Pacific Region—Lowest Growth Since the 1960s

April 15, 2020/IMFBlog By Chang Yong Rhee This is a crisis like no other. It is worse than the Global Financial Crisis, and Asia is not immune. While there is huge uncertainty about 2020 growth prospects, and even more so about the 2021 outlook, the impact of the coronavirus on […]