BREAKING: IMF ranks Nigeria second-worst in the world… [+ Infographic]
The IMF has ranked Nigeria as the second worst country in the world in the use of sovereign wealth funds– topping only Qatar while Ghana was ranked the best.
According to the reports, transparency and corporate governance were some of the criteria used.
The revelation was made in the Fiscal Monitor Report released on Wednesday by the International Monetary Fund (IMF).
The Bretton Wood Institution disclosed that the index was compiled using the corporate governance and transparency scores of the sovereign wealth funds and the size of assets as a percentage of 2016 GDP of the countries considered.
Full details soon…