IMF to scrutinise Buhari's 2016 budget,trace looted founds

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Vanguard reports that the 2016 appropriation
bill sent to the National Assembly by
President Muhammadu Buhari may be
subjected to further scrutiny and
amendments by the IMF.
Vanguard front page, Wednesday January 6,
2015.
Speaking to newsmen yesterday in Abuja,
Lagarde said the multilateral financial
institution would be discussing the budget
next week with Nigerian officials.
“A team of economists is going to come here
(Nigeria) next week to review and audit (the
bill) and have a good discussion with the
government authorities to really assess
whether the financing is in place, whether the
debt is sustainable, whether the borrowing
costs are sensible and what strategy must be
put in place in order to address challenges
going forward ,” she said.
The IMF boss explained that she could not
comment directly on the content of the 2016
Appropriation Bill because there are
procedures at the IMF that must be followed