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.…
By Sodiq Adelakun Inflation will slow Nigeria’s economic growth to 2.9 percent in 2023, the International Monetary Fund has predicted. It also downgraded the country’s economic growth prospect by 0.3 percentage points to 2.9 per cent for 2023 following weaker…
The International Monetary Fund (IMF) has projected medium term global economic stagnation while appraising the economy of the United States as strong and resilient. IMF’s Chief Economist, Pierre-Olivier Gourinchas, said this on Tuesday in Marrakech, while giving the World Economic…
By Sodiq Adelakun The International Monetary Fund (IMF) has stated that Nigeria’s total debt of over N87 trillion is still at a moderate level compared to other countries. The IMF Resident Representative in Nigeria, Ari Aisen, emphasized the need for…
By Sodiq Adelakun The Federal Government has extended the $3.4bn loan Nigerian government owe the Internatinal Monetary Fund (IMF) by 2027. The International Monetary Fund (IMF) has agreed to extend Nigeria’s deadline for repaying a $3.4 billion loan to 2027.…
The International Monetary Fund (IMF) says global growth is projected to fall from 3.5 per cent in 2022 to 3.0 per cent in both 2023 and 2024. This is according to the IMF’s latest World Economic Outlook (WEO) Update Report…
The US-based International Monetary Fund (IMF) has retained its 3.2 per cent forecast for Nigeria’s economic growth in 2023. IMF disclosed this in its recent World Economic Outlook update titled “Near-Term Resilience, Persistent Challenges.” The development bank also raised the…
