in , ,

IMF Ranks West African Nation, Nigeria Second Worst in the World in Use of Sovereign Wealth Fund

One of the Bretton Wood institutions in the world has rated Nigeria low on the judicious use of the sovereign wealth funds.
The International Monetary Fund has ranked Nigeria as the second worst country in the world in the use of sovereign wealth funds.
According to the Fiscal Monitor report released on Wednesday, Qatar was the only country worse than Nigeria on the index.
The Bretton Wood institution said the index was compiled using the corporate governance and transparency scores of the sovereign wealth funds and the size of assets as a percentage of 2016 GDP of the countries considered.
Loading...

Written by How Africa

Leave a Reply

Your email address will not be published.

CAPTCHA


Kenyan Drug Addict Who Was Rescued From The Streets By Childhood Friend, Dies Two Years After

8 Charts And Maps That Show Africa’s Incredible Leaps In Health, Finance, And Politics