By Matthew Denis The World Bank and the International Monetary Fund (IMF) have commended Nigeria’s efforts in tightening monetary policies, revising the country’s growth forecast upwards to 3.4 percent for this year – a reflection of the effectiveness of the…
The International Monetary Fund (IMF) says economic growth in Sub-Saharan Africa (SSA) is projected to rise from 3.4 per cent in 2023 to 3.8 per cent in 2024. Abebe Selassie, Director, African Department, IMF, said this at a news briefing…
The International Monetary Fund (IMF) says global growth in 2024 and 2025 is projected to hold steady at 3.2 per cent, at the same pace as in 2023. This is according to the IMF’s latest World Economic Outlook (WEO) Update…
The International Monetary Fund has adjusted Nigeria’s economic growth forecast to 3.3 per cent in 2024. The revised forecast for April was disclosed on Tuesday in IMF’s World Economic Outlook. The updated forecast marks an increase of 0.3 percentage points…
The Ebonyi State Government has debunked the report that it was among the states that borrowed N111.24 billion from domestic and foreign financiers in its first six months in office. The Ebonyi State Commissioner for Finance, Dr. Leonard Uguru, affirmed…
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso will speak on foreign exchange (FX) market reforms at the ongoing International Monetary Fund (IMF) Spring Meetings on Wednesday in Washington D.C. The meetings of the Boards of Governors…
The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on Oct. 1, 2024. In a statement issued by the IMF Press Centre on Saturday,…
…As hackers make off with $12bn Following reports that cyber thieves stole $12bn from global financial institutions in the last 20 years, the International Monetary Fund (IMF) has called on Central Banks across the globe and financial institutions to strengthen…
The International Monetary Fund (IMF) says inflation is easing faster than expected but has not been fully defeated. Kristalina Georgieva, Managing Director of IMF, was quoted in a statement by the Fund on Thursday to have said this at the…
In a significant move to enhance the transparency and accountability of central banks worldwide, the International Monetary Fund (IMF) has unveiled the Central Bank Transparency Code (CBT). This international code is designed to help central banks and their stakeholders align…
