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IMF
In a concerning forecast by the International Monetary Fund (IMF), Nigeria's foreign reserve is expected to see a significant reduction, falling to $24 billion in the year 2024.
The International Monetary Fund (IMF) has advised the Central Bank of Nigeria to as a measure to rein in on inflation mop up excess liquidity in the economy through raising OMO bill of up to N2 trillion in the next 12 months.
IMF Nigeria's economic challenges including stalled per-capita growth, high poverty levels, and food insecurity have been highlighted.
The International Monetary Fund (IMF) has stated that financing conditions for sub-Saharan African economies are expected to remain tough for a period together with ongoing capital outflows from the region.
A delegation from the International Monetary Fund (IMF) was in Egypt to engage in talks that may surpass $10 billion in assistance for the Egyptian government.
The International Monetary Fund (IMF) said that high inflation in the country is a major source of hardship for Nigerians.
The International Monetary Fund (IMF) has slashed its forecast for Nigeria’s economic growth for 2024 from 3.1% declared in October to 3.0 representing a 0.1% decline.
IMF has said that nearly 40% of jobs globally will be influenced by artificial intelligence, with advanced economies expected to experience a higher impact compared to emerging markets and low-income nations.
Ghana anticipates receiving $1.15 billion in funding from the International Monetary Fund and the World Bank by the end of February as bilateral creditors approach an agreement on the terms of a debt restructuring.
Central banks around the world shouldn’t rush to relax their fight against inflation even with the Federal Reserve signaling its policy pivot next year, the chief of the International Monetary Fund said Friday.
The International Monetary Fund (IMF) has warned that the widespread adoption of cryptocurrencies could undermine and pose serious consequences for the macro-financial stability of countries.
Julie Kozack has said that the CBN under its new leadership is withdrawing excess liquidity from the system, which has contributed to high inflation in the country.