Close photo mode

    Christine Lagarde: Oil prices have deprived me of sleep

    Nigeria, Azerbaijan and Venezuela faced a similar problem

    Baku. 3 February. REPORT.AZ/ The head of the International Monetary Fund said "quite a few countries" are keeping her awake lately, but at the top of the list are low-income nations that rely heavily on exporting oil. Report informs referring to IMF.

    "I think of a country like Nigeria, for instance, where 90% of its exports and 60% of its revenue are generated by oil or oil-related revenues," Lagarde said Sunday in an interview on the sidelines of the Albright Institute at Wellesley College. "That's a country that is facing...a real hardship."

    Translation: Loans and bailouts for oil countries are likely coming.

    Several countries are running out of money because of cheap oil.

    If you find out orphographic mistake in the text, please select mistaken part of the text and press Ctrl + Enter.

    Last added

    At least one category must be selected

    All news

    Orphus sistemi