Economic growth in sub-Saharan Africa is on track to hit 3.1 per cent this year, up from 2.7 per cent in 2017 and a turnaround from the 2014-15 commodities crash, Abebe Selassie, director of the IMF’s African Department, told Reuters. It could quicken further to 3.8 per cent in 2019.
Browsing: International Monetary Fund
The Minister of Finance, Zainab Ahmed and the Central Bank of Nigeria governor, Godwin Emefiele, will join other economic experts from around the world to discuss issues affecting the global economy.
IMF in a statement issued in Washington on Friday by Lucie Fouda, the Fund’s Press Officer, said higher oil prices and portfolio flows had helped strengthen fiscal and external buffers.
IMF’s country Senior Representative, Amine Mati, said this during the public presentation of the Spring 2018 Issue of the Sub-Saharan African Regional Economic Outlook in Lagos.
Governor Ernest Addison said in Accra that the cut was because the country was on track to meet its medium-term inflation target as the economy stabilised.
Jammeh, who seized power in a 1994 coup, fled Gambia early last year as West African neighbours were poised for military intervention to topple him after he refused to step down following an election loss to current President Adama Barrow
The Minister of Finance, Kemi Adeosun, gave this pledge at an International Conference against the financing of terrorism in Paris, France
For long, our leadership has been pampered. We work into managing a wealth we have little input into how it is created. And because we are not involved in the creation, we rarely appreciate it. Hence, we turn out as either bad managers or killers of the greater Nigerian dream
Speaking to newsmen on the sideline of the G20 Finance Ministers and Central Bank Governors meetings at the ongoing 2018 IMF and World Bank meetings in Washington DC, Adeosun said Nigeria had nothing to worry about.
Lagarde said that trade disagreements are “better resolved in a multilateral way, amid retaliatory tariffs and other barriers being erected between the U.S. and China.
According to its latest World Economic Outlook Report launched in Washington DC on Tuesday, the Fund projected that Nigeria will also grow by 1.9 per cent in 2019.
Discussions would take place under the auspices of the World Bank Group and the International Monetary Fund.
Mahamudu Bawumia said tax exemptions claimed by some resources companies were not transparent and in some cases not backed by records.
The Minister made this known on Friday in Abuja while representing the Vice President, Prof. Yemi Osinbajo, at a lecture delivered to the National Defence College Course 26 participants
The IMF in a statement by Raphael Ranspach, its Media and Press Officer, welcomed the Federal Government’s actions to improve the power sector and business environment under the Economic Recovery and Growth Plan
Monique Newiak, IMF Economist, Western 1 Division, Africa Department, disclosed this on Tuesday in Abuja when she led a delegation of the IMF team to the Minister of Labour and Employment, Senator Chris Ngige, in his office.
The Senior Financial Sector Expert, Debt and Capital Market Instruments Division, Monetary and Capital Markets Department, IMF, Miriam Tamene, said this in a statement issued by the Securities and Exchange Commission’s management in Abuja.
The IMF, however, warned that rising debt and political risks in larger economies would weigh down future growth
The Minister also revealed that the International Monetary Fund and the World Bank Group have projected a positive outlook of higher growth for the Sub-Saharan Africa and global economy in 2018
Nigeria’s position on renewable energy and regional integration was presented by the Minister of Finance, Kemi Adeosun, during the G24 Finance Ministers and Central Bank Governors meeting in Washington DC, United States.