Sunday, 9 October 2016

Loans from IMF hardly address Balance of Payment problems

A financial expert, Prof Uche Uwaleke, has advised the Federal Government against consenting to the International Monetary Fund’s (IMF) offer of an interest free loan for the purpose of tackling concession saying such loans hardly address balance of payment problems.
Uwaleke, the Head of Banking and Finance, Nassarawa State University, Keffi ,said this in an interview with newsmen on Sunday in Abuja.
“I will not advise the government to go for an IMF facility as an option to exit the recession no matter how soft the loan is for obvious reasons.