The selection process for a new Managing Director for the International Monetary Fund (IMF) has begun, its Board Coordinators have said. The Board Coordinators of the Executive Board of the IMF, Mr Afonso Bevilaqua and Mr Abdullah BinZarah, made the…
By Sodiq Adelakun The International Monetary Fund (IMF) has called on the Nigerian government to ensure the full operational capacity of its cash transfer program aimed at supporting vulnerable households. This move is recommended as a necessary precursor to the…
By Sodiq Adelakun The International Monetary Fund (IMF) has revised its economic growth forecast for Nigeria in 2024, lowering it to 3.0 percent from the previously projected 3.1 percent in October last year. This adjustment was highlighted in the IMF’s…
The International Monetary Fund (IMF) on Tuesday said that it has improved its forecast for global economic growth in the coming year. However, raising its expectations to 3.1 per cent from an earlier forecast of 2.9 per cent in October.…
The Fiscal Responsibility Commission (FRC),on Wednesday inaugurated a two-week capacity development training support organised by the International Monetary Fund (IMF) in Abuja. The Chairman of FRC, Victor Muruako, said that the training would enable the commission to do more to…
By Sodiq Adelakun The International Monetary Fund has urged the Central Bank of Nigeria to hike the interest rates in the next Monetary Policy Committee to address the country’s high inflation rate. The agency’s Director of the Communications Department, Julie…
In a joint effort to reduce the inflationary pressure on Nigeria’s economy, the International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to again hike its Monetary Policy Rate (MPR) Director of Communications, Ms. Julie Kozack speaking…
In a significant development, the International Monetary Fund (IMF) has projected that South Africa may soon surpass Nigeria as the largest economy in Africa, according to its latest World Economic Outlook. This revelation comes as South Africa, the most industrialised…
In a bid to achieve economic growth and stability, the International Monetary Fund (IMF) has emphasised the importance of Nigeria’s fuel subsidy removal policy and foreign exchange unification initiative. According to the IMF Africa Department Director, Abebe Selassie, the Nigerian…
The International Monetary Fund (IMF) says it is playing an active role in mediating on the debt debacle facing some countries. The Managing Director of IMF, Kristalina Georgieva, said this on Friday in Marrakech, during the 2023 Annual Meetings Plenary.…
