Nigeria: Tariff War - Nigeria, Others May Face Budget Constraints - World Bank

Nigeria: Tariff War - Nigeria, Others May Face Budget Constraints - World Bank

With the rising uncertainties due to the ongoing tariff wars, Nigeria and other emerging economies who are reliant on commodity exports are likely to experience budgetary pressures, the president of the World Bank Group, Ajay Banga has cautioned.

World Bank’s Ajay Banga urges developing countries to lower tariffs

Bank president says lowering of tariffs could help offset the risk of reciprocal import taxes for some nations

World Bank's Banga urges developing nations to lower tariffs, focus on regional trade

WORLDBANK-TRADE/ (UPDATE 2, PIX):UPDATE 2-World Bank's Banga urges developing nations to lower tariffs, focus on regional trade

World Bank’s Ajay Banga urges developing nations to lower tariffs, focus on regional trade

Banga told reporters that global uncertainty was contributing to a more cautious business and economic environment

The trade war against the world declared by Donald Trump clouds the global economic horizon. World Bank President Ajay Banga said this Wednesday at a press conference in Washington that the greatest uncertainty and instability will plague the world economy. “Uncertainty will surely lead to lower growth than was expected just a few months ago,” he stressed, without quantifying that impact because, in his opinion, it will largely depend on the cou…