Monday, October 13, 2025
22.8 C
Lagos

$3tr Emerging Markets Debt Threatens Global Economy

The International Monetary Fund (IMF) says emerging markets have over-borrowed over $3 trillion in debt, thus posing the greatest risks to the global economy amid a fifth straight year of slowing growth.

“We estimate that there is up to $3 trillion in over-borrowing in emerging markets,” Jose Vinals, a top IMF official, said in presenting the body’s Global Financial Stability report at its Annual Meetings in Lima, Peru.

Vinals, the Director of IMF’s Monetary and Capital Markets Department said unprecedented lending spree has ended with the plunge in prices for oil, minerals, commodities and economic slowdown in China.

spot_img
spot_img
spot_img

Hot this week

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Rosatom: Nuclear Energy Holds key to Africa’s Sustainable Future

The role of nuclear energy in meeting Africa’s future...

RMRDC Targets 30% Value-Added Policy on Export of Local Raw Materials

The Raw Materials Research and Development Council (RMRDC) says...

NDIC, CIBN Strengthen Collaboration in Emerging Issues in the Financial Sector

L-R: President/Chairman of Council, Chartered Institute of Bankers of...

Fidelity Bank Commences Disbursement of FGN MSME Intervention Funds

Tier One Lender, Fidelity Bank Plc, has commenced the...

Topics

Ecobank, Orange Launch Bank-to-Wallet Money Transfer Platform

This partnership, which is already operational in Mali since...

ADB, Partners Mobilise $3OOm for Women

Three women each with a large basket full of...

VICTORY Letter to SEPP BLATTER

The $10m Bribe Scandal "I have been reflecting deeply about my presidency and about the 40 years in which my life has been inextricably bound to FIFA and the great sport of football. I cherish FIFA more than anything and I want to do only what is best for FIFA and for football. It is my deep care for FIFA and its interests, which I hold very dear, that has led me to take this decision," he said. I would like to thank those who have always supported me in a constructive and loyal manner as president of FIFA and who have done so much for the game that we all love. What matters to me more than anything is that when all of this is over, football is the winner.” Click here to make a lazy tweet.

Nigeria Tops WA Hotel Projects with 77%

West Africa has been at the heart of the...

Sustained Gains Trigger another Positive Run on the Local Bourse

Yesterday’s trading session posted another bullish performance as the...

Media Accreditation Opens for ITU Telecom World 2016

ITU Telecom World 2016 opened the accreditation process yesterday for media...

Debtors Africa Partners Proshare on Delinquent Debtors, NPLs 

  Debtors Africa – an independent searchable database of recalcitrant and...
spot_img

Related Articles

Popular Categories

spot_imgspot_img