CISLAC writes open letter to IMF, World Bank, UN, and PTF on COVID-19
By Gabriel Ewepu – Abuja The Civil Society Legislative Advocacy Centre, CISLAC, Friday, wrote an open letter to the International Monetary Fund, IMF, World Bank, United Nations, UN, and Presidential Task Force on COVID-19 with the subject ‘Nigeria: What is Needed in Nigeria’s Health and Economic Response to COVID-19’. The letter was written and signed […]
IMF advocates monetary stimulus to combat impact of COVID-19
THE International Monetary Fund, IMF, has called for broader monetary stimulus as part of fiscal and monetary measures to combat the economic impact of the Coronavirus (COVID-19).
IMF, World Bank cancel Washington Spring meetings
Emma Ujah The International Monetary Fund (IMF) and the World Bank have cancelled the Spring Meetings slated for April in Washington DC, United States of America. Instead, the spring meetings would be held virtually. Mrs Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), and Mr David Malpass, President of the World Bank Group, […]
IMF, W-Bank pledge assistance to COVID-19 affected member-countries
Washington DC (US)—The International Monetary Fund, IMF, and the World Bank Group have pledged their readiness to help member-countries tackle the challenges posed by the COVID-19 virus.
Zimbabwe risks ‘deep humanitarian’ crisis, IMF warns
Zimbabwe faces a grim economic outlook this year and is also at risk of an extreme humanitarian crisis, the International Monetary Fund warned Thursday. An IMF team issued the warning after experts visited the southern African country and met with officials there. Zimbabwe’s economy has been in a slump for more than a decade, with […]
The IMF Article IV visitation team and the economy
By Obadiah Mailafia LAST week the boys from Washington were in our country under the framework of the IMF Article IV Visitation exercise. Under the statutes of the Fund, the Article IV team is authorised to carry out economic and surveillance activities in member countries. They normally meet with key government functionaries and with functionaries […]
Coronavirus puts global recovery at risk ― IMF
Emma Ujah The International Monetary Fund (IMF) has warned that the coronavirus has put the expected global economic recovery at risk. The Managing Director (MD) of the IMF, Ms Kristalina Georgieva, in a statement at the conclusion of the Group of 20 (G20) meeting of Finance Ministers and Central Bank Governors in Riyadh, Saudi Arabia, […]
2.9% economic growth projection achievable in spite IMF’s position– BMO
The Buhari Media Organisation (BMO) says the 2.9 per cent economic growth projection by the Federal Government for 2020 is achievable in spite of downward projection by the International Monetary Fund (IMF).
IMF chief Georgieva urges G20 action on trade, climate, inequality
Kristalina Georgieva, Managing Director, International Monetary Fund (IMF), on Wednesday urged G20 finance ministers and central bankers to take action to reduce other risks linked to trade, climate change, and inequality.
Coronavirus could damage global growth in 2020 ― IMF
The coronavirus epidemic could damage global economic growth this year, the IMF head said Sunday, but a sharp and rapid economic rebound could follow. “There may be a cut that we are still hoping would be in the 0.1-0.2 percentage space,” the managing director of the International Monetary Fund, Kristalina Georgieva, told the Global Women’s […]
IMF affirms 2.5% growth forecast for Nigeria’s economy in 2020
The International Monetary Fund, IMF, yesterday reiterated its forecast that Nigeria’s economy, as measured by the Gross Domestic Product (GDP), will grow by 2.5 percent in 2020.
IMF ranks Benin Republic 4th most prosperous economy in Africa
The International Monetary Fund, IMF, has ranked Benin Republic as the fourth most prosperous economy in Africa. The IMF said the West African country has a growth rate of 7.6 per cent compared to 6.7 per cent in 2018.
CBN, IMF disagree over impact of forex restrictions on FDI inflow
Apex bank wants FG to sustain border closure By Emeka Anaeto and Babajide Komolafe The Central Bank of Nigeria (CBN), yesterday disagreed with the position of the International Monetary Fund (IMF) on the impact of the foreign exchange (Forex) restrictions on Foreign Direct Investment (FDI) inflow into the country. CBN Governor, Mr Godwin Emefiele, while […]
Why IMF `supports’ Nigeria’s border closure ― minister
The Minister of Finance, Mrs. Zainab Ahmed, says the International Monetary Fund (IMF) “supports’’ Nigeria’s closure of its land borders because it understands the action is not punitive. Addressing newsmen in Washington on Sunday, Ahmed explained that the measure was intended to restore Nigeria’s relationship with its neighbours based on commitments made. She said that […]
Border closure: IMF tacitly backs Nigeria, urges speedy resolution of issue
The International Monetary Fund (IMF) has expressed tacit support for the closure of Nigeria’s land borders to its neighbours over issues bordering on illegal trade.
BREAKING: FG secures $3bn World Bank loan for power sector ― Ahmed
By Babajide Komolafe The Minister of Finance, Zainab Ahmed, has revealed that the Federal Government has successfully secured the loan of $3 billion for the power sector. Ahmed, disclosed this while addressing the press on the outcome of the just-concluded annual meeting of the World Bank and the International Monetary Fund (IMF). ALSO READ: FG […]
