The International Monetary Fund has cautioned Nigeria and other developing countries from taking loans from China due to unfavourable loan conditions. The Financial Counsellor and Director of the Monetary and Capital Markets Department of the IMF, Tobias Adrian, said this on Wednesday during the launch of the Global Financial Stability Report for April 2019 at the IMF/World Bank meetings in Washington D.C. “Capital flows, which includes capital flows from China, are, of course, important for development. On the other hand, what is very important in lending arrangements are the terms…
Read MoreBeware Of Loans From China – IMF Warns Nigeria, Others
