Risks and lack of transparency.. The IMF warns against an Emirati deal in Nigeria
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The International Monetary Fund has warned Nigeria against proceeding with a proposed financing agreement worth up to five billion dollars with First Abu Dhabi Bank, considering that this type of financial transaction involves high risks and often suffers from weak transparency, and may impose restrictions on the country’s monetary policies and exchange rate.
The International Monetary Fund has warned Nigeria against proceeding with a proposed financing agreement worth up to five billion dollars with First Abu Dhabi Bank, considering that this type of financial transaction involves high risks and often suffers from weak transparency, and may impose restrictions on the country’s monetary policies and exchange rate. The Fund explained that the agreement, which relies on [...]
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