Analysis on IMF Loan Conditions with more Detrimental Impact on the Economy: A Case Study of Nigeria

Abstract Past studies have shown that nations borrow money from the International Monetary Fund (IMF) greater rates of poverty, unemployment, and inflation than countries do not IMF. This is despite fact IMF claims fostering economic development one its objectives. The loans conditions are to most detrimental impact on economies subject this study, which focused, specifically Nigeria. In order obtain data for research, primary sources such as official documents, newspapers, journals, other similar were utilized, Neoliberal theory was employed theoretical foundation study. Our research showed loan currency devaluation subsidy removal negatively impacted just Nigeria’s economy but also nation’s overall standard living. As a result, it recommended government should make an effort diversify economy, modify relations with international financial organizations like World Bank, give populace access necessary resources improve their