Relief for Nigeria as IMF Approves U.S.$3,4 Billion Emergency Aid
The International Monetary Fund has approved Nigeria's request for U.S.$3.4 billion in emergency financial assistance under the fund's Rapid Financing Instrument to support the government's efforts in addressing the severe impact of COVID-19 on the economy and the sharp fall in oil prices. The assistance given to Nigeria is the highest to any member country so far.
The World Bank Group and International Monetary Fund convened African leaders, bilateral partners, and multilateral institutions to spur faster action on COVID-19 response in ... Read more »
The government plans to raise U.S.$ 7 billion from multilateral lenders, the IMF and the World Bank, to help fund efforts to stop the spread of the coronavirus and counter its ... Read more »