Tag
IMF
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.
IMF has stated that total debt in low-income Developing Countries represents 88% of the GDP of the countries.
The International Monetary Fund (IMF) and World Bank have restated their commitment to address issues relating to the vulnerability of nations to debt, and problems with climate change and facilitate digital transitions for people who are still offline.
The International Monetary Fund (IMF) has said that Nigeria’s economy is set to gradually decline because of security issues in the country’s oil sector.
The World Bank has said that Nigeria is projected to save up to $5.1 billion (N3.9 trillion) in 2023 alone after the removal of fuel subsidy and reforms of its foreign exchange market.
IMF announced the creation of the Resilience and Sustainability Trust (RST), a $41 billion fund for financing green projects in developing countries.
In a policy paper released in June 2023, Dr. Ngozi Okonjo-Iweala, the Director General of the WTO, and Kristalina Georgieva, the Managing Director of the IMF, underscored the importance of increased international trade.
The International Monetary Fund has warned members about the adverse effects of protectionism as a response to globalization, stating it would make the world less resilient, more unequal, and more conflict-prone.
The IMF youth fellows will participate in live workshops led by IMF management, senior IMF staff, and external experts as part of the program