IMF raises Nigeria’s 2021 growth rate to 2.5 %
By Emma Ujah, Abuja Bureau Chief The International Monetary Fund (IMF) has raised Nigeria’s Gross Domestic Product (GDP) 2021 growth rate from 1.5 per cent to 2. 5 per cent. This was contained in its World Economic Outlook (WEO) released by the organization, yesterday, in which it , however, slightly reduced next year’s growth forecast […]
COVID-19 ‘ll widen gap between rich and poor – IMF
By Emma Ujah The COVID-19 pandemic will widen the gap between the rich and the poor, especially in the emerging markets and developing economies, the International Monetary Fund (IMF) has said. IMF said that in its latest World Economic Outlook report it explored two facts about the current pandemic to estimate its effect on inequality: […]
COVID-19 will widen gap between rich and poor ― IMF
By Emma Ujah The COVID-19 pandemic will widen the gap between the rich and the poor, especially in emerging markets and developing economies, the International Monetary Fund (IMF) has said. It said, that as part of its latest World Economic Outlook it explored two facts about the current pandemic to estimate its effect on inequality: […]
Nigeria, other Sub-Saharan Africa face $290bn financing gap — IMF
THE International Monetary Fund (IMF) has stated that Nigeria and other Sub-Saharan African countries are facing significant financing gap amounting up to $290 billion between now and 2023.
Nigeria debt-GDP ratio could hit 68 percent — IMF raises alarm
Sub-saharan Africa faces a huge challenge, made worse by the coronavirus pandemic, to find nearly $900 billion to repay massive debt and fund essential public spending, the International Monetary Fund (IMF) warned Thursday. In a special report, the IMF said the region would require some $890 billion in external financing — equal to 55 percent […]
COVID-19: IMF lists road map for recovery in Nigeria, other emerging economies
By Peter Egwuatu In order to save lives, reduce the impact of the recession, and revive growth and job creation, the International Monetary Fund, IMF has listed some recovery measures to be taken by emerging countries which include Nigeria and other low income economies to include reprioritizing spending and enhancing its efficiency for recovery. The […]
IMF reverses forecast for Nigeria’s economy to -4.3% in 2020
… Projects 1.7% growth for 2021 … As World economy expected to fall -4.4 % in 2020 By Peter Egwuatu The International Monetary Fund, IMF, Tuesday reversed Nigeria’s economy growth projection to -4.3 percent in 2020 from its earlier projection of -5.4 percent. The Fund also projected that Nigeria’s economy would grow by 1.7 per […]
Debt burden of least developed countries climb to a record $744bn in 2019 – World Bank
By Peter Egwuatu The total external debt for the Debt Service Suspension Initiative (DSSI) countries climbed 9.5% to a record $744 billion in 2019 from the previous year highlighting an urgent need for creditors and borrowers alike to collaborate to stave off the growing risk of sovereign-debt crises triggered by the COVID-19 pandemic. According to […]
Debt burden of least developed countries climb to a record $744 bn in 2019 – IMF
The total external debt for the Debt Service Suspension Initiative (DSSI) countries climbed 9.5% to a record $744 billion in 2019 from the previous year highlighting an urgent need for creditors and borrowers alike to collaborate to stave off the growing risk of sovereign-debt crises triggered by the COVID-19 pandemic.
COVID-19 hits states’ IGR as IMF allays fears
…Reverses GDP projection on Nigeria from -5.4% contraction to -3.4% …As states record 26.5 per cent decline in revenue By Nkiruka Nnorom Amid a flood of government spending, the global economic downturn sparked by the coronavirus pandemic will not be as bad as originally feared, IMF chief Kristalina Georgieva, said yesterday but warned that the […]
Strike Suspension: Labour gave Nigerians death pill, sold out to IMF, World Bank — CSOs
Organised Labour agreeing to suspend strike has been described as death pill for Nigerians and a betrayal of the masses to IMF and World Bank.
