Thursday, September 18, 2025
25.9 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

Hot this week

Designing the Future: Arc Christian Benimana, Prof Taibat Lawanson to Headline Ecobank Design and Build 2025

Ecobank Nigeria has announced that celebrated architect Arc. Christian...

Sovereign Trust Insurance Wins Enactus Catalyst Award

From L-R: Victor Akinfala, Head Partnerships & Special Projects,...

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

Universal Insurance MD/CEO, Jeff Duru, Bags CIBN Associate Membership

  Dr. Jeff Duru Managing Director/CEO Universal Insurance Plc The Managing Director/CEO of...

Sterling One Foundation CEO, Olapeju Ibekwe, Joins Board of UN Global Compact Network Nigeria Ahead of UNGA 80

    Olapeju Ibekwe, Chief Executive Officer of Sterling One Foundation,...

Topics

Smile, Leading 4G LTE Innovation in Africa

Smile Telecoms Holdings Limited,which owns and operates 4G LTE...

Farmcrowdy Unveils Agritech Mobile App in Nigeria

Farmcrowdy, Nigeria’s first and leading digital agriculture platform has...

Stanbic IBTC Bank Clarifies Expected Credit Loss Reporting

 The Stanbic IBTC Bank Statement: It has come to our...

Leadway Group Unveils Hersurred, a Lifestyle-focused Platform for Women

  In a demonstration of its commitment to Diversity, Equity,...

Leveraging Technology in the Wake of Coronavirus

While the novel coronavirus brought about physical confinement of...

WORKSHOP: Digital Marketing for Insurance Business Growth

PROGRAMME OVERVIEW: As the world is gone digital in the...

MTN Group Marks 25 Years, Drives Partnerships for Better Africa

The MTN Group today launched its “We’re good together”...
spot_img

Related Articles

Popular Categories

spot_imgspot_img