IMF Sets Guidelines for Economic Recovery for Nigeria, Others
The International Monetary Fund has said that Sub-Saharan countries should focus on raising domestic revenue, bolster trade integration, facilitate investment, raise productivity, and strengthen resilience to shocks. The group has projected that sub-Saharan countries among other regions in the world will likely experience accelerated economic growth in 2019 and 2020.
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Africa:
Navigating Sub-Saharan Africa's Recovery Amid Greater Uncertainty
IMF, 11 April 2019
Sub-Saharan Africa's economic recovery is set to continue, but along two tracks. Overall growth is set to pick up from 3 percent in 2018 to 3.5 percent in 2019, and stabilize at… Read more »
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Nigeria:
IMF Clarifies Report On Nigeria's Sovereign Wealth Fund
Premium Times, 13 April 2019
The International Monetary Fund (IMF) on Friday clarified its categorisation of Nigeria as one of the countries with the worst use of the Sovereign Wealth Fund. Read more »
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Nigeria:
Nigeria Rejects 'Flawed' IMF Report
Premium Times, 12 April 2019
The latest report by the International Monetary Fund (IMF) ranking Nigeria as the world's second worst user of sovereign wealth funds is "fundamentally flawed", the Nigerian… Read more »
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Nigeria:
MPC Rate Cut and Need for Complementary Fiscal Measures
This Day, 15 April 2019
In its second bi-monthly meeting held on March 25 and 26 this year, the Monetary Policy Committee of the Central Bank of Nigeria delivered a pleasant surprise in the form of a… Read more »
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Nigeria:
IMF Worries Over Rise in Internally Displaced Persons in Nigeria, Others
Vanguard, 12 April 2019
The International Monetary Fund (IMF) says it is concerned with the rising numbers of Internally Displaced Persons (IDPs) in Nigeria and other Sub-Saharan African countries. Read more »
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Africa:
Conflicts Mar African Economies - IMF
Vanguard, 13 April 2019
The International Monetary Fund, (IMF) says it is concerned over escalating conflicts which have adversely affected the African region's economy in the last two decades. Read more »
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Nigeria:
Govt Woos Global Investors, Says Reforms Are Paying Off
Daily Trust, 15 April 2019
The Minister of Finance, Mrs. Zainab Shamsuna Ahmed has assured global investors that Nigeria is ready for business as it has improved significantly the ease of doing business and… Read more »
InFocus
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The IMF has cautioned that if loans are taken from China, that the terms and conditions are strictly followed according to the guidelines set by the Paris Club, an informal group ... Read more »
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The Minister of Finance, Zainab Ahmed, says that the government will not remove the subsidy because there are no buffers to cushion the effects of such a move. Ahmed was speaking ... Read more »