Tag
IMF
The Paris Club of Creditors have reached an agreement with the government of Somalia that will result in the cancellation of up to $2 billion of the country’s debt- approximately 99% of the debt owed by the country to the group.
Ghana's inflation rate for February 2024 dropped to 23.2% for month of February 2024.
The European Union (EU) has disclosed plans to provide around €7.4 billion support to Egypt as part of effort to stabilise its economy according to reports from Bloomberg.
The Central Bank of Nigeria (CBN) faces a significant liquidity crisis in supporting the naira, as nearly $20 billion of its $33 billion in foreign reserves is tied up in various derivative deals.
Fitch Ratings Inc. has underscored the necessity for Nigeria to adopt more stringent monetary tightening measures to secure macroeconomic stability.
The International Monetary Fund (IMF) has warned that price caps on fuel and electricity tariffs below the cost recovery could result in a fiscal cost amounting to 3% of GDP in 2024.
The International Monetary Fund (IMF) has emphasised the need for the Nigerian government to prioritise the full implementation of its cash transfer program to aid vulnerable households.
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu over “the failure to probe the grim allegations that $3.4 billion loan obtained by Nigeria from the International Monetary Fund (IMF) to finance the budget and respond to COVID-19 is missing, diverted or unaccounted for.”
Few days back, I published an article on the forex crises and the need to keep faith and hope alive.
In a statement on Friday, the International Monetary Fund’s (IMF) Resident Representative for Nigeria, Christian Ebeke, has said that the IMF does not publish exchange rate forecasts.
In its recent post-financing assessment report concerning Nigeria, the International Monetary Fund (IMF) has painted a grim picture of the nation's economic future.
The International Monetary Fund (IMF) has urged the federal government to fully eliminate subsidies for fuel and electricity, highlighting that these financial supports are not only expensive but also ineffective in benefiting the populations most in need of assistance.