The loan, disbursed in full on April 30, 2020, was part of the IMF’s emergency COVID-19 Rapid Financing Instrument.
Browsing: International Monetary Fund
The Director of the African Department at the International Monetary Fund (IMF), Abebe Selassie, has commended Nigeria’s bold economic reforms…
IMF’s position for the NSW project was conveyed on Thursday in Abuja by its Technical Assistance Advisor for Revenue Administration 2, Marco Antonio.
The IMF offered the advice to the Tinubu Administration in its latest report: “Regional Economic Outlook for Sub-Saharan Africa.”
The Director, African Department of the Fund, Abebe Selassie, offered the explanation in Washington DC, United States.
While it retained its 3.2 per cent forecast for 2023, it dropped the 2024 forecast to 3.0 per cent from 3.1 per cent.
President Buhari spoke on these and other issues affecting the country in an interview he granted a news outlet, Bloomberg.
The multilateral lender also revealed that a macro-fiscal stress test it conducted on the country showed that interest payments on debts in the country could amount to Nigeria using 100 per cent of its revenue to service debts by 2026 if not closely monitored.
Godwin Emefiele, the CBN Governor, made this known on Monday while presenting a communique from the apex bank’s Monetary Policy Committee meeting.
The IMF, which made the projection in its 2021 Article, also estimated 2021 debt servicing-to-revenue ratio at 85.5 per cent.
The INEC Returning Officer for the election, Prof. Florence Obi, made the declaration in the early hours of Wednesday
This is according to: “October Regional Economic Outlook for Sub-Saharan Africa: One planet, two worlds, three stories.”
The IMF team, led by Jesmin Rahman, further hailed the Central Bank of Nigeria for its efforts at unifying the exchange rate by embracing needed reforms
A statement issued in Washington D. C. on Tuesday by the fund said Tweedie had notified IMF Managing Director, Kristalina Georgieva, of his intention to retire from the fund.
In its latest report on Nigeria’s economy, the Fund raised the hope that the start of production from the refinery, solely owned by Africa’s richest man, Aliko Dangote, could help Nigeria improve its Current Account Balance.
The board said this on Monday in a statement it released in Washington D.C. on conclusion of its 2020 Article IV Consultation with Nigeria.
Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates
The team lead, Jesmin Rahman, said this in a statement issued on Friday in Washington D.C at the conclusion of the virtual mission.
She said this on Tuesday at the 19th International Anti-Corruption Conference (IACC), in South Korea.
Abebe Selassie, Director of the African Department of the IMF, disclosed this in an article posted on the IMF website.