Tag: IMF
Reaches Staff Level Agreement With Ghana On $3 Billion Extended Credit...
The International Monetary Fund, IMF has announced that it has reached a staff level agreement with the government of Ghana for a 3 billion...
IMF Announces Operationalisation Of Facility To Help Vulnerable Countries Meet Challenges
Managing Director, International Monetary Fund IMF, Kristalina Georgieva, has announced the operationalisation of the Resilience and Sustainability Trust RST, to help vulnerable countries meet...
IMF Downgrades Nigeria’s Growth Prospect Amid Pessimism, Tension
The International Monetary Fund, IMF has downgraded Nigeria’s economic growth prospect by 0.2 percentage points to 3.2 per cent in the face of rising...
Climate Change, Nigeria Floods Will Increase Food Prices – IMF
The International Monetary Fund IMF has charged Nigeria to brace up for the effect of climate change and this year’s floods.African Department official IMF,...
FAO, Word Bank, Others Call For Urgent Action To Address Global...
Food and Agriculture Organisation FAO, International Monetary Fund IMF, World Bank Group, World Food Programme, and World Trade Organisation have called for urgent action...
Take Proactive Measures To Evade Default – IMF Warns Nigeria, Others
Meanwhile, with Nigeria’s revenue not covering its debt servicing obligations in the first four months of the year, the InternationalMonetary Fund, IMF, has urged...
Nigerian Economy: High Inflation, Fiscal Deficit To Persist – IMF
The International Monetary Fund, IMF, said the rate of inflation in Nigeria is expected to remain elevated in 2022.According to the lender, the fiscal...
Borrowings: Debt Servicing May Take All Of Nigeria’s Revenue By 2026,...
The Nigerian government may spend nearly 100 per cent of its revenue on debt servicing by 2026, the International Monetary Fund , IMF, has warned.The...
Sub-Saharan Africa: IMF Warns Nigeria, Others Of Hunger-Induced Social Unrests
The International Monetary Fund, IMF, has warned Nigeria and other African countries of the possibility hunger-related social unrests ahead, as a direct consequence of...
Economy: VAT Increase Will Trigger Extreme Poverty, Oxfam Warns FG
Charity organisation, Oxfam, has faulted the International Monetary Fund’s, IMF, who urged the Federal Government to increase the current 7.5 per cent Value Added...
Tanzania Allocates $39.1m For Tourism Recovery Amid COVID-19
Tanzania has allocated 39.2 million U.S. dollars for the implementation of 23 projects aimed at revamping the tourism sector affected by the Coronavirus pandemic.Minister...
Plans To Borrowing: FG To Fund 2022 Budget From IMF Reserve...
Finance Minister Zainab Ahmed says a standby boost from the International Monetary Fund, IMF will help Nigeria reduce 2022 spending shortfall.She announced that Nigeria...
IMF Excludes Nigeria From 25 Nations Granted Debt Relief
The International Monetary Fund, IMF
has granted debt relief to 25 countries, mostly African nations with the
exception of Nigeria.IMF Managing Director Kristalina
Georgieva in a statement...
Debt: IMF Says 40% Of African Countries In Crisis
The
Managing Director of the International Monetary Fund, IMF, Kristalina
Georgieva, says forty percent of African countries are in debt crisis.She
described Africa as a continent of...
Economy: Trade Uncertainty Rising In Nigeria – IMF
The
International Monetary Fund, IMF has expressed concern over the rise in trade
uncertainty in Nigeria and many other economies amid the escalating trade
tensions between the...
N24.39TR Loan: Federal Government Says Nigeria Not In Debt Crisis
The Federal Government has said that Nigeria is not in any way
near a debt crisis despite its 24.39 trillion naira debts.Finance Minister Zainab Ahmed,...
Petroleum Products: Labour Cautions Nigeria Against Implementing IMF’s Recommendation On Subsidy
The Nigerian Labour
Congress, NLC has cautioned the Federal Government against implementing the
recommendation of the International Monetary Fund IMF on the removal of subsidy
on petroleum...
IDPS: IMF Worries Over Rise In Nigeria, Others
The International Monetary Fund, IMF says it is
concerned with the rising numbers of Internally Displaced Persons, IDPs in
Nigeria and other Sub-Saharan African countries.The IMF...
