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The Path to IMF Bailout for Nigeria

Nigeria Inches Towards International Monetary Fund (IMF) For Debt Bailout

One of the eminent economists in the nation - Bismarck Rewane of CEO at Financial Derivatives - thinks the travel to IMF seems clear: “There is the old saying that the path to Paris is via London and Washington. To get debt forbearance from the Paris club, a country must first get Washington institutions to accept your plan is visible. That’s the way it is for all nations like Nigeria facing severe fiscal imbalance. The rescheduling of debt and all maturing obligations is a necessary path towards economic stability and growth for Nigeria”.