Crude oil prices fell yesterday as the International Monetary Fund warned that high inflation and the Russian-Ukraine war could send the global economy to the brink of a recession. In an update to its World Economic Outlook, the IMF also…
The International Monetary Fund has painted a grim economic outlook saying that inflation, debt, and food crisis is pushing the Nigerian economy and other African economies to the verge of collapse. The Managing Director of the IMF, Kristalina Georgieva disclosed…
The International Monetary Fund (IMF) and the World Bank Group (WBG) have announced that their 2022 Annual Meetings will take place from Oct. 10 to 16. This is contained in a statement obtained from the World Bank website in Abuja…
The World Bank has stated that Nigeria’s external reserves are expected to decline as the Central Bank of Nigeria (CBN) is expected to clear $1.7 billion worth of FX backlog and FX forward contracts to foreigners by the end-October 2022.…
Kristalina Georgieva, Managing Director, International Monetary Fund (IMF) has called for a new public payment system to connect various payment systems. Georgieva added that the new payment system would help counter fragmentation of the international monetary system accelerated by Russia’s…
By Uthman Salami The international Monetary Fund (IMF) has said Nigeria may not benefit from increased oil prices, if the government does not limit the amount of fuel subsidies it provides to citizens. According to the IMF, Nigeria and other…
The International Monetary Fund (IMF), has said the Sub-Saharan African Region needs a careful policy response to address the challenges of the new economic shock caused by the war in Ukraine. Mr Abebe Selassie, Director, African Department, IMF, said this…
The World Bank and the International Monetary Fund (IMF) have disclosed plans to fast track the implementation of the G20 debt relief scheme. The announcement was made at the ongoing 2022 Spring Meetings of the World Bank-IMF in Washington DC.…
By Uthman Salami The International Monetary Fund has projected Nigeria’s economy to rise by 3.4 per cent in 2022. This projection is in accordance with its latest world economic outlook projections. According to the projection, a 3.1 per cent growth…
The International Monetary Fund (IMF) has said Nigeria and other Sub-Saharan African countries face important monetary policy challenges as a fallout of the COVID-19 pandemic. The IMF made this known while explaining why dollar scarcity persists in emerging economies, especially…
