The G-20 has endorsed a plan which will enable the freezing of debt obligations to developing nations.
IMF boss predicts that African countries will experience a financing gap to the tune of $345 billion through 2023.
The world economy has ended up performing better than the International Monetary Fund had envisaged in Q2 and Q3.
The IMF said that a green recovery focus would create income equality opportunities for the future.
The IMF had earlier noted that the Nigerian economy would witness a deeper contraction of 5.4%.
However, halting dividend payments may not go down well for many retail and institutional investors, who rely on bank dividends for regular income.
Barely a week after its board’s approval, the International Monetary Fund (IMF), has disbursed the sum of $3.4 billion to the CBN.
The MD of the IMF, Kristalina Georgieva has announced that the Fund would provide $500 million in grant-based debt service relief to 25 countries.
IMF considering a massive bailout that could help save Nigeria from a major economic crisis.
IMF has disclosed its plans to support countries affected by the adverse effects of the coronavirus pandemic especially low-income countries.
