Author: The Eagle Online

The Director of the African Department at the International Monetary Fund (IMF), Abebe Selassie, has commended Nigeria’s bold economic reforms and urged continued support for vulnerable citizens. He spoke during a news conference on the regional economic outlook for Sub-Saharan Africa in Washington D.C., United States on Friday. Selassie highlighted the reforms, including the removal of the fuel subsidy and unification of the foreign exchange market, as essential measures to address unsustainable macroeconomic conditions. While acknowledging the short-term hardships the reforms had caused, Selassie emphasised that addressing them was key. Also Read He noted that strengthening the country’s economy required…

Read More