Tag
IMF
The International Monetary Fund (IMF) has stated that Nigeria’s budget deficit would increase beyond the projected figure for 2024 due to implicit fuel and electricity subsidy payments and increased interest costs on debt.
The International Monetary Fund (IMF) has recommended that global crypto trading platforms should be registered or licensed in Nigeria and subject to regulatory requirements.
The federal government is considering introducing excise duties in the telecoms, lottery and gambling industry and an increase in the Value Added Tax (VAT) rate.
Egypt’s debt crisis deepens as foreign debt rises by $3.5 billion in three months
Kenyan President William Ruto is confident of a positive response from the International Monetary Fund (IMF) for a $1 Billion disbursement citing an improving Kenyan economy which averted a major debt crisis earlier in the Year.
The International Monetary Fund (IMF) says the critical mineral deposits in sub-Saharan Africa (SSA) can boost the region's Gross Domestic Product by 12% in 2050.
Following a significant influx of about $57 billion in financial aid from various allies and development partners, Egypt is set to receive an additional $400 million in budget support from the United Kingdom. This is according to a report from Bloomberg.
The Federal government is looking forward to receiving around $2.2 billion single-digit interest loan from the World bank and another budget support facility from the African Development Bank (AfDB).
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, stated that approximately 90% of the tax revenue deposited into the government treasury originates from just nine tax heads.
Nigeria is projected to slip to the fourth largest economy in Africa in 2024, behind South Africa, Egypt, and Algeria, according to IMF forecasts for April 2024.
China has written off an undisclosed amount of Zimbabwe’s interest-free loans and pledged to help the country navigate its way out of its current debt crisis. But Zimbabwean activists warn of a permanent debt trap.
Amidst the World Bank/IMF Spring Meetings in Washington D.C., the CBN organized a roundtable discussion aimed at bolstering remittance inflows through formal channels into Nigeria.