The Managing director of the International Monetary Fund (IMF), Kristalina Georgieva, has urged the Nigerian government to keep the receipts of the $3.4 billion emergency financial assistance.
Georgieva, who gave the advice on Tuesday in an interview with CNBC Africa, disclosed that the IMF had already disbursed the $3.4 billion credit to Nigeria.
She noted that accountability and transparency were crucial and that it was imperative to retain the trust of people who were experiencing hard times as the coronavirus ravages the world.
“One important message we send to everybody and it was indicated in the case of Nigeria as well is, yes, spend, because you have to support the economy going over this difficult time, it’s like building a bridge, but keep the receipt.
“We cannot afford to have accountability and transparency taking back seat. I am very pleasantly impressed by how many countries have actually in their letter of intent tell us how they exactly going to make their spending transparent. Very very important to retain the trust of people who are going through such a difficult time,” the IMF boss said.
Georgieva, who gave the advice on Tuesday in an interview with CNBC Africa, disclosed that the IMF had already disbursed the $3.4 billion credit to Nigeria.
She noted that accountability and transparency were crucial and that it was imperative to retain the trust of people who were experiencing hard times as the coronavirus ravages the world.
“One important message we send to everybody and it was indicated in the case of Nigeria as well is, yes, spend, because you have to support the economy going over this difficult time, it’s like building a bridge, but keep the receipt.
“We cannot afford to have accountability and transparency taking back seat. I am very pleasantly impressed by how many countries have actually in their letter of intent tell us how they exactly going to make their spending transparent. Very very important to retain the trust of people who are going through such a difficult time,” the IMF boss said.