The declining economic growth in China is expected to have repercussions on Nigeria’s economic prospects, according to the International Monetary Fund (IMF). The IMF highlighted that China’s deep economic connections […]
Tag: imf
IMF and World Bank concludes meetings in Morocco
In a recent announcement made in Marrakech, Morocco, member states of the International Monetary Fund (IMF) have unanimously agreed to boost their contributions to the global financial institution. They also […]
IMF forecasts five more years of high interest rates for UK
The International Monetary Fund (IMF) has issued a cautionary note, suggesting that the United Kingdom may experience five more years of elevated interest rates in a bid to curb escalating […]
IMF highlights lower inflation and stable exchange rates
The Resident Representative of the International Monetary Fund (IMF) for Nigeria, Ari Aisen, has emphasized that lower inflation rates and a more predictable exchange rate are key factors that can […]
IMF commits support as naira appreciates to N663/$ in Nigeria
Following the Central Bank of Nigeria’s decision to float the national currency against the dollar and other global currencies, the naira experienced a significant appreciation, closing at 663.04/dollar on Friday. […]
IMF program to restore confidence, but won’t guarantee economic relief – Akufo Addo
President Akufo-Addo has expressed that the International Monetary Fund (IMF) relief program will not immediately alleviate the economic challenges faced by Ghana. He believes that the program will restore confidence […]
IMF chief urges United States to resolve debt dispute without delay
Head of the International Monetary Fund (IMF), Kristalina Georgieva, strongly criticized the United States for prolonging the debt dispute until the last minute, warning that it jeopardizes the stability of […]
IMF urges incoming government to boost revenue and reduce dependency on debt
The International Monetary Fund (IMF) has advised the incoming government of President-elect Sen. Bola Tinubu to prioritize increasing Nigeria’s revenue base and reduce dependence on debt to fund expenditures. During […]
Usage of Nigeria’s eNaira wallets lags with 98.5% remaining unused, says IMF report
According to a report titled “Nigeria’s eNaira, One Year After” published on the International Monetary Fund’s website, it has been revealed that 98.5% of eNaira wallets have remained unused one […]
CBN’s eNaira records N1.4m transactions as IMF sounds caution
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has expressed concern about the unknown consequences that could arise from the introduction of retail central bank digital currencies […]
IMF forecasts economic slowdown and warns of financing shortage in Sub-Saharan Africa
IMF warns of financing shortage and public debt in Sub-Saharan Africa, while urging policymakers to maintain prudent monetary policy tightening; Senegal faces worrying inflation due to soaring food prices, and […]
Okonjo-Iweala highlights the significance of global value chains for job creation and inclusion at World Bank/IMF meetings
The recent World Bank/International Monetary Fund Spring meetings in Washington DC, the Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala, highlighted the crucial role of global value chains in job […]
IMF projects Nigeria’s economy to grow by 3.2% in 2023
The International Monetary Fund (IMF) has reiterated its growth forecast for the Nigerian economy in 2023, projecting a 3.2 per cent growth rate, according to its recent report titled “World […]
IMF maintains Nigeria’s economic growth projection at 3.2%
The International Monetary Fund (IMF) has maintained Nigeria’s economic growth projection for 2023 at 3.2 percent, according to its latest update in the ‘World Economic Outlook: A Rocky Recovery (2023 […]
Global economy experiences slowest growth since 1990 -IMF
The global economy is expected to grow at its slowest pace since 1990, with the IMF projecting roughly 3% growth over the next five years, according to Kristalina Georgieva, head […]