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Breaking News | DMO, World Bank Push States Debt Management Laws

Views: Visits 8 As complaint states get W/Bank grants DMO Explains states’ debt sustainability Emma Ujah – Abuja The Debt Management Office (DMO) and the World Bank have presented Guidelines for the Legal Framework for state governments’ debt management operations, in a push to make their debts more sustainable. Yesterday’s engagement where the duo presented the guidelines, virtually, was part of the implementation of the States Fiscal Transparency, Accountability and Sustainability (SFTAS) Program. The Programme which is a collaboration between the World Bank, the Federal Government of Nigeria and the thirty-six (36) State Governments towards the achievement of the Disbursement-Linked Indicator (DLI)-7 on, strengthened public Debt management and fiscal responsibility framework.

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