IMF sees decline in Nigeria’s economic growth in 2024 to 3%
At the backdrop of the in-coming new regime in Nigeria, the International Monetary Fund, IMF, has indicated that the country’s economic growth will see further slowdown to 3.0 percent, one year down the road, in 2024 while maintaining its projection of 3.2 percent growth in 2023, which also indicated slower growth rate against its 2022 figure of 3.3 percent.
IMF board approves $2.3 bn aid package for Kenya
The IMF on Friday approved a $2.34 billion aid package to Kenya to “address the urgent need to reduce debt vulnerabilities,” the institution said in a statement. The Washington-based development lender said the funds would be spread over 38 months, with an immediate disbursement of about $307.5 million, “usable for budget support.” “Kenya was hit […]
IMF to revise Nigeria’s 2021 GDP growth forecast
The International Monetary Fund (IMF) has said that it may revise its 2021 outlook for Nigeria’s economy upwards from 1.5 percent in the next round of its projection this April given recent positive developments in the economy.
IMF, analysts split over growth forecast for Nigeria’s economy
Analysts dispute IMF’s 1.5% forecast for 2021 Project 2.7% economic growth for 2021 By Babajide Komolafe Following the faster than expected economic growth in Q4’2020 and lower contraction for the full year 2020, leading investment analysts have disputed the 1.5 per cent growth forecast for Nigeria’s economy in 2021 by the International Monetary Fund […]
IMF backs CBN on Cryptocurrency ban
Cautions against hike in tax rate By Emma Ujah, Abuja Bureau Chief MONEY MARKET The International Monetary Fund (IMF) has expressed support for the directive of the Central Bank of Nigeria (CBN) that banks should close all accounts related to cryptocurrency transactions. However, the IMF cautioned the Federal Government (FG) against increasing the […]
IMF begins search for new Director of its Finance Department as incumbent retires
The International Monetary Fund (IMF), says it will begin its search for a replacement for Mr Andrew Tweedie, the Director of the Finance Department, who would be retiring from the post on July 31. A statement issued in Washington D. C. on Tuesday, by the fund said that Tweedie had notified IMF Managing Director, Kristalina […]
