October 26, 2016/Reuters The International Monetary Fund is ready to assist Mozambican authorities in debt negotiations with creditors after the finance ministry warned borrowing levels were unsustainable, IMF country head Ari Aisen said on Wednesday. Mozambique told creditors on Tuesday that the government must renegotiate repayment terms if it is […]
Updates
Nigeria can borrow a maximum of $22.08 bln in 2017
October 26, 2016/Reuters The maximum amount that Nigeria can borrow in 2017 from both local and foreign sources is $22.08 billion without it violating its debt threshold, the Debt Management Office said in a report, Nigeria had a borrowing space of 5.89 percent of its GDP of $374.95 billion which […]
FGN’s Contingent Liabilities Put at N1,656bn at the end of 2015
Culled—Proshare October 26, 2016/FBNQuest Research Another release by the DMO (its 2016 Debt Sustainability Analysis Report) puts the FGN’s contingent liabilities at N1,656bn at end-2015, equivalent to 1.7% of GDP. When we add the domestic and external debt of the federal government, the latter including the foreign-currency loans of the […]
