IMF seeks recapitalisation of banks hit by COVID-19

0 62

The International Monetary Fund yesterday advised the Federal Government and governments of other emerging economies.

The International Monetary Fund advised recapitalising commercial banks whose capital were affected by COVID-19 pandemic.

It disclosed that in most countries, the losses in the enterprise sector will, ultimately, impact the banking system, with loan losses deteriorating the lenders’ solvency position and reducing lending space for bridge financing.

– The Nation

Leave A Reply

Your email address will not be published.

%d bloggers like this: