The International Monetary Fund (IMF) member countries have elected an expanded Executive Board of 25 Executive Directors, including three representing Sub-Saharan Africa(SSA.) IMF Media Centre disclosed this in a statement on Saturday in Abuja. According to the statement, the completion…
According to the latest Migration and Development Brief released by the World Bank, Nigeria accounted for a significant portion of remittance flows to the Sub-Saharan Africa (SSA) region in 2023. Out of the $54 billion remittance flows, Nigeria received $20.52…
Amid global slowdown and political instability, growth in Sub-Saharan Africa (SSA) is expected to fall to 3.3 per cent this year from 4.0 per cent recorded in 2022. This is according to the latest International Monetary Fund (IMF), Regional Economic…
By Bob MajiriOghene Etemiku, Abuja The World Bank Group (WBG) in a Migration and Development Brief (number 38) in the series), has predicted that there would be an increment in remittances to Nigeria and several West African countries. According to…
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…
Remittance flows to sub-Saharan Africa have been projected to decline by 6.8per cent to $41 billion in 2021, from $44 billion achieved in 2020. This was disclosed in the Foresight Africa 2021 report, a publication of African Growth Initiatives of…
