The International Monetary Fund, IMF, has expressed concern at the mounting global economic uncertainties and debt burden, charging policymakers to act boldly to decrease debt, rebuild financial buffers and rebuild public trust, tax fairly and spend wisely with a long term plan.

In the latest Fiscal Monitor published yesterday in Washington, USA, the IMF warns that public debt levels will exceed 95% of GDP, and may reach 100% by the end of the decade.

IMF Director, Fiscal Affairs, Victor Gaspar adds that fiscal policies must not inflict pain.

Our correspondent, Raliat Adenekan reports that the Nigerian Division Chief in the Fiscal Affairs Department of the IMF, Davide Furceri, said that Nigeria had been able to make some of those painful choices to have space for fiscal savings but it needs to spend wisely.

READ ANOTHER RECENT STORY https://classic97.net/who-issues-guidelines-to-prevent-teen-pregnancy/