IMF’s Lagarde Says Low Oil Keeps Her Up at Night

By Unknown

Rabu, 03 Agustus 2016

IMF’s Lagarde Says Low Oil Keeps Her Up at Night

Christine Lagarde is having some trouble sleeping at night.
The head of the International Monetary Fund said "quite a few countries" Keep the wake of late, but the top of the list are low-income nations that depend heavily on oil exports.

"I think a country like Nigeria, for example, where 0% of its exports and 60% of its revenues are generated by oil or oil-related revenues," Lagarde said Sunday in an interview on the sidelines of Albright Institute at Wellesley College. "This is a country that faces a real challenge ...."

Translation: .. Loans and bailouts for the oil countries are likely to come
Several countries are short of money because of cheap oil
Nigeria is considering asking the Bank World, the African development Bank and other international organizations for a loan of $ 9 billion.

Azerbaijan is seeking an emergency loan of up to $ 4 billion. IMF officials have been in the country making an assessment of the crisis.

via CNN

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