Home National Counties, universities, State firms to disclose loans every 3 months

Counties, universities, State firms to disclose loans every 3 months

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Business Daily | by Constant Munda


Parastatals, public universities and counties will now be required to disclose loans every three months in a deal between the Treasury and the International Monetary Fund (IMF) aimed at enhancing transparency in the size and management of public debt.

The Treasury adopted a recommendation by the IMF to expand coverage of public debt to include all loans held by entities partly or fully funded by the State…

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