Tag
IMF
The International Monetary Fund (IMF) has said that the economic slowdown in China will impact African oil exporters the most.
Ibrahima Sory Sylla has criticized the World Bank and IMF for restrictive lending practices to African nations.
Mr. Abebe Aemro Selassie has said that Nigeria and other African countries ensure their economies are attractive to reduce the mass exodus of Africans to other parts of the world.
IMF has said Nigeria’s N87.3 trillion ($113.4 billion) total public debt position is manageable and does not pose any urgent risks to the economy.
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says that the economic policy proposals of President Bola Tinubu’s administration can achieve a Gross Domestic Product (GDP) of $1 trillion in 8 years.
IMF has called on governments around the world to take more meaningful steps to rein in public spending and raise revenues or risk hindering central banks’ efforts to tame inflation.
IMF has slashed the economic growth prospects of Sub-Saharan Africa in its latest World Economic Outlook report.
IMF} has said that inflation is set to remain high despite expectations of weaker global growth of 2.9% next year.
The International Monetary Fund (IMF) has revised Nigeria’s economic growth downward by 0.3 percentage points due to weaker oil and gas production.
The International Monetary Fund (IMF) has recommended that Nigeria and other Sub-Saharan African nations prioritize the removal of tax exemptions and enhance domestic revenue generation to mitigate their fiscal deficits.
IMF has explained how cutting down on expenditure is not enough to reduce rising debt in Africa.
IMF has urged the Federal Ministry of Finance and the CBN to assume significant roles in combating climate change by incorporating climate policies.