One way that Nigeria’s economy could grow is by having more Small and Medium-Sized Enterprises (SMEs) in their countries.
But financing for these small companies is always an obstacle many businesses succumb at its base.
But the International Monetary Fund (IMF) and the World Bank is demanding that Nigeria should provide targeted financing for
The call was made on Monday, at the ongoing joint seminar on, “The way Forward: Building Resilient” of IMF/World Bank Spring meetings in Washington DC.
World Bank Group President, David Malpass and Managing Director, International Monetary Fund (IMF), Kristalina Georgieva, harped on the need for policy makers to provide funding for SMEs in their respective countries.
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The call for the support for SMEs, would help enhance inclusive growth, tackle inflation and high-interest rates in low-income countries and emerging markets.
In addition, the Washington-based institutions also added that for the first time, there was an assembly of all creditors and debtors to address the debt crisis globally.
