His largely unconventional approach has its benefits, especially with the rapid – sometimes unforeseen – changes in the global financial system and the beggar thy neighbour policies of rich, industrialised countries. But the recent announcement by the bank of a two-month sales promotion to boost the inflow of dollars also shows that the road to hell can be paved by good intentions.
Browsing: IMF
The central government has hinted to fund the budget from other means apart from oil which is the country’s economic mainstay. There is even a discussion by the government to commence the sale of assets in ten state owned corporations, a move that will generate about $800milion dollars. There is the urgent need for us to cut our coat to our sizes. If you cut your coat according to your situation, you limit what you do to the account of your resources. Action should suit circumstances or resources. Is there any need for us to sustain the bicameral system of legislature we are operating now?
Let us remember that investments and businesses were the first to take the Corona Virus hit. From Asia to Europe to the United States and everywhere, stocks crashed. In the month of March alone, the Nigerian Stock Exchange lost over a trillion Naira
The International Monetary Fund is warning that 2020 could see a severe recession “at least as bad during the global financial crisis or worse” even as recovery would be expected in 2021.
The World Bank and the International Monetary Fund on Tuesday said their 2020 Spring Meetings slated for April 17 to 19 in Washington DC would now hold in “virtual format”.
The Secretary of IMF, Jianhai Lin, disclosed this in a statement on Friday, citing a letter from the Washington DC Department of Health.
The forecast is also 0.3 per cent points below the fund’s April world growth estimate for the year.
“I have met with the Executive Board and submitted my resignation from the Fund with effect from September 12, 2019.
European leaders nominated Lagarde recently to succeed Mario Draghi as president of the European Central Bank, raising the question of who would in turn replace her at the IMF.
The Federal Government has again clarified its stance on the removal of fuel subsidy, saying it had no plan to do so in the immediate future.
The Head of the African Department of the International Monetary Fund, Abebe Selassie, has said the Nigerian Excess Crude Account is one of the worst managed Sovereign Wealth Fund in the world.
The International Monetary Fund says it is concerned with the rising numbers of Internally Displaced Persons in Nigeria and other Sub-Saharan African countries.
The International Monetary Fund has advised Nigeria and other countries still subsidising fuel for domestic consumption to stop doing so.
The International Monetary Fund has cautioned Nigeria and other developing countries from taking loans from China due to unfavourable loan conditions.
The Minister of Finance, Zainab Ahmed and the Governor, Central Bank of Nigeria, Godwin Emefiele, will join other economic experts from around the world to discuss issues affecting global economy in Washington DC, US.
IMF’s First Deputy Managing Director, David Lipton, said governments and central banks might not be well equipped to cope.
However, the bank then said it was a clerical error and there was no such loan.
The Managing Director of IMF, Christine Lagarde, gave the advice on Thursday at a news conference on some of the key issues affecting the global economies.
Udoma Udo Udoma, the Minister of Budget and National Planning, says the Federal Government has so far released N460 billion from the 2018 Budget for capital projects.
The IMF President, Christine Lagarde, made this known on Tuesday in a panel discussion on “Empowering Women in the Workplace” at the IMF/World Bank Annual Meetings in Bali, Indonesia.