FG and States to review World Bank Assisted Projects

The Federal Government and state governments will meet to assess the performance of World Bank-assisted projects in the country.

Guardian reports that Finance Minister, Mrs. Kemi Adeosun said this while touching on the outcome of the International Monetary Fund (IMF)/World Bank annual meeting held in the United States.

Speaking further on this, the Minister’s Special Assistant on Media, Mr. Festus Akanbi points out that

“there has to be a greater sense of responsibility because the interest rate to these monies is as low as 1.5 per cent and you have about 20 years to pay. So if a state or department is fortunate enough to get a World Bank loan, I think it should have some urgency around how it is used”.

Source: Guardian

Leave a Reply

Your email address will not be published.