The hope of growth. Nigeria is expected, along with China and India, the fastest growth in the coming years.
Nigeria has asked the World Bank and the African Development Bank 3.5 billion dollars in emergency loans, partly because of reduced revenues as crude oil prices have fallen. It is clear from the Financial Times.
The request comes from the government that held power for eight months and the loan will part-finance a budget deficit of $ 15 billion. The deficit has also increased as the government tried to stimulate the economy slows down.
Last week announced Azerbaijan to be discussing a possible emergency loan of $ 4 billion with the IMF and the World Bank, in view of the negative economic effects of the falling oil prices.
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