Tag: International Monetary Fund (IMF)
IMF advises FG to review 2025 budget
According to the IMF, the 2025 budget needs to be recalibrate to lower oil prices in order to get in…
US, China owe half of world debt of $235T
Both economic power houses owe $117.5 trillion. While China owes $47.5 trillion, the US is world's biggest debtor, owing $70…
IMF declares support for Tinubu’s exchange rate policy
The Central Bank of Nigeria (CBN) on Wednesday introduced a floating exchange rate system in the foreign exchange market by…
Sri Lanka to restart bailout talks with IMF
Wickremesinghe took office last month after his predecessor, Gotabaya Rajapaksa, fled the country and then quit following mass protests over…
IMF dubs world economy gloomy, uncertain
The IMF said the new assessments are due to “higher-than-expected inflation worldwide, especially in the United States and major European…
IMF upgrades Nigeria’s economic growth forecast
Nigeria's economic projection is lower than that of the Sub-Saharan African region which is expected to grow by 4.5 per…
IMF agrees to revive stalled $6bn bailout for Pakistan
The International Monetary Fund (IMF) has agreed to revive a six billion dollar bailout package for Pakistan, a move that…
IMF chief Georgieva stays on, board dismisses allegations
The clearance comes after the fund's board met eight times to review the matter.
EU contributes €183m to IMF relief trust
The International Monetary Fund (IMF) said the European Union on Monday announced a contribution of 183 million euros, (217 million…
South Sudan secures first IMF loan
South Sudan has secured its first loan of US$52.3 million from the International Monetary Fund (IMF) since joining the Fund…
Coronavirus: 90 countries turn to IMF for emergency funds
More than 90 countries have asked the International Monetary Fund (IMF) for emergency funding as the coronavirus pandemic has led…
Why IMF `supports’ Nigeria’s border closure – Ahmed
The Minister of Finance, Mrs. Zainab Ahmed, says the International Monetary Fund (IMF) “supports’’ Nigeria’s closure of its land borders…
Border closure: IMF tacitly backs Nigeria
The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on…
IMF begins selection process for next MD
The Executive Board of the International Monetary Fund (IMF) has adopted an open, merit-based, and transparent process for the selection…
No lending to Sudan – IMF
The International Monetary Fund (IMF) says it will continue to provide Sudan with technical assistance and policy support.
Global debt now $180trn – IMF
The International Monetary Fund (IMF) has put the global debt at $180 trillion, warning highly indebted emerging-markets and low-income countries…
Nigeria, others to record 3.4% growth – IMF
The International Monetary Fund (IMF), on Monday said Nigeria and other Sub-Saharan countries would grow their economies by an average…
Morocco to host 2021 World Bank, IMF Annual Meeting
The 2021 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) will take place in…
IMF praises Nigeria’s effort in foreign exchange reserves recovery
The International Monetary Fund (IMF) on Wednesday welcomed Nigeria’s exit from economic recession and lauded its strong recovery in foreign…
IMF ends week-long mission to Congo Republic
The International Monetary Fund (IMF) ended a week of negotiations aimed at hammering out a deal to bail out Congo…
Zambia’s central bank says delayed IMF programme affecting currency
Zambia’s Central Bank Governor Denny Kalyalya, said on Wednesday that the delay in reaching a conclusion for an aid programme…
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Nigeria bounces back as Africa’s biggest economy
A new report from the International Monetary Fund (IMF) has projected Nigeria as Africa’s biggest economy, in spite of its…
Economist supports subsidy removal, disapproves VAT increment
An economist, Prof. Uche Uwaleke has advised against the recommendation by the Managing Director, International Monetary Fund (IMF), to increase…