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 […]
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.
![[ICYMI]Fuel, Electricity: Nigeria’ll incur wrath of IMF, World Bank if we revert to old prices — FG](https://cdn.vanguardngr.com/wp-content/uploads/2020/09/JAF1.jpg?auto_optimize=low&width=250)
[ICYMI]Fuel, Electricity: Nigeria’ll incur wrath of IMF, World Bank if we revert to old prices — FG
The Federal Government shocked Organised Labour, last Thursday, by claiming the country will incur the wrath of International Monetary Fund, IMF, the World Bank and other international lending institutions Nigeria is indebted to, should electricity tariff and petrol pump price be reversed to the old rates.
IMF to disburse 1bn dollars to Angola to address COVID-19 crisis
The International Monetary Fund (IMF) on Wednesday said it would disburse 1 billion dollars to Angola to address the impact of the coronavirus pandemic. The IMF executive board made the decision after completing a third review of Angola’s three-year economic programme under its Extended Fund Facility approved at the end of 2018, bringing the total […]
