The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a third seat on its executive board at its first meetings on the continent since 1973.

Pummelled by debt, poverty and natural disasters, African nations heard many pledges of support but saw little action at the first IMF-World Bank talks to be held on their soil since 1973.

The International Monetary Fund said it is closely monitoring the impact the ongoing Israel-Hamas war could have on the world economy.

By Babajide Komolafe, Economy Editor in Morocco, Peter Egwuatu, & Godwin Oritse,

The International Monetary Fund, IMF, has raised alarm over the negative effects of high inflation on consumption of goods and services in the country, even as it downgraded its economic growth forecast for Nigeria to 2.9 percent from 3.3 percent.

The International Monetary Fund has downgraded Nigeria’s economic growth by 0.3 percentage points to 2.9 per cent for 2023 as a result of lower production in oil and gas.

The International Monetary Fund (IMF) has said African governments must embrace policies that will combat rising inflations in their economies.

The International Monetary Fund, IMF, yesterday called on Nigeria and other countries in the Sub Saharan Africa   region to reduce the fiscal deficit by three per cent to avoid debt crises.

The leaders of the International Monetary Fund and World Bank announced Thursday that the two institutions will collaborate more closely to tackle the “existential threat” posed by climate change.

The International Monetary Fund (IMF) has predicted that the United Kingdom is expected to be the second slowest-growing economy in the Group of 7 (G7) this year despite a major upgrade to the country’s prospects.

The International Monetary Fund, IMF, has outlined some major steps it expected Nigeria and other sub-Sahara African countries should take to avoid an economic meltdown that could come against the backdrop of what it calls “the Big Funding Squeeze” happening across the world economy.

The International Monetary Fund (IMF) has predicted that the two world’s most populous countries – China and India are expected to contribute to around half of the global growth this year.

THE International Monetary Fund, IMF, has said that Nigeria and many other Sub-Saharan African countries may be facing funding squeeze that would undermine its development in the medium to long term.

THE International Monetary Fund, IMF, has expressed disapproval of subsidy policies for certain commodities in Nigeria, Kenya and other countries in Sub-Saharan Africa, giving reasons why it should be scrapped.

‘In terms of policy priorities, there is a need to first consolidate public finances and strengthen public finance management’

Against the backdrop of a flat rate forecast by the International Monetary Fund, IMF, for Nigeria’s economic growth rate in the 2023 and 2024, the Central Bank of Nigeria, CBN, seems to be impressed, and is set to sustain its recent policy directions.