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Finance & Markets

Pakistan averts mini-budget threat after IMF talks

The risks of a mini-budget have eased following talks between Pakistan and the International Monetary Fund (IMF), sources. Pakistan and IMF are holding negotiations over the release of the $1.2 billion fifth tranche under the ongoing loan programme. According to sources, the IMF is satisfied with Prime Minister Shehbaz Sharif’s economic policies and their implementation. […]

We haven't written up this one. Daily Times has the full story — the link below goes straight to it.

Read the original at dailytimes.com.pk →

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Nigeria: Nigerians Turning to Survival Loans As Consumption Borrowing Jumps - Report

[This Day] A new survey has found that Nigerians are increasingly turning to formal credit to meet everyday consumption and cope with financial pressures, rather than to expand businesses or build…

  • 40.8% of borrowers now use loans for daily consumption needs, up from 31.7% in 2023.
  • Only 25% of adults in Nigeria are financially healthy, with 79% being formally included.
  • Informal employment and farming sectors experienced significant increases in borrowing.

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