Developing countries lost nearly $1 trillion to fraud, corruption and shady business transactions in 2011, vastly outpacing the foreign aid they received and the pace of dirty money leaving emerging nations is accelerating, a new report found. Illicit finance leaving the 150 developing countries totaled $946.7 billion in 2011, up […]
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Outlook for Europe: Boosting Growth and Employment
By Christine Lagarde European Economic and Social Committee Brussels, December 10, 2013 As prepared for delivery Good afternoon. I am pleased to have this opportunity to speak with you today. I want to thank President Malosse for his kind invitation and the distinguished members of the Committee here […]
FG to spend 20% of revenue on debt servicing
The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Monday expressed concerns over the increasing rate of the nation’s domestic debt, and stated that about 19.87 per cent of the country’s projected revenue for 2014 would be spent on debt servicing. Okonjo-Iweala, who was briefing the private sector on the performance […]
