THE Sri Lankan rupee would gradually appreciate against the U.S. dollar once the country enters into an International Monetary Fund […]
RTag: IMF
Sri Lanka expects approval of $2.9bn IMF deal after China’s support
SRI Lanka expects final approval from the International Monetary Fund for a 2.9 billion dollars loan in the third or […]
IMF modifies annual, cumulative access limits for fund lending
THE Executive Board of the International Monetary Fund (IMF) has temporarily increased the limits on members’ annual and cumulative access […]
Extend Feb 10 deadline for old Naira notes, IMF advises FG
THE International Monetary Fund (IMF) has advised the Federal Government of Nigeria to extend the February 10 deadline for the […]
IMF’s upward economic projection reflects Buhari’s bright decisions-BMO
THE upward review in International Monetary Fund (IMF’s) 2023 growth projection for Nigeria has shown that the country has continued […]
IMF approves $4.7bn support package for Bangladesh
THE International Monetary Fund (IMF) has approved a package worth 4.7 billion U.S. dollars to support Bangladesh’s economy. Bangladesh’s Finance […]
One-third of the world will face recession this year, IMF warns
THE International Monetary Fund, IMF, has warned that a third of the global economy will face recession this year. Managing Director […]
IMF says growth in Asia-Pacific region to slow down in 2022, 2023
THE International Monetary Fund (IMF) said in a report released on Friday that economic growth in the Asia and Pacific […]
Food insecurity should be policy priority for African govts -IMF
MR Abebe Selassie, the Director, International Monetary Fund (IMF), African Department, says tackling food insecurity should be the first policy […]
G-24 urges urgent attention to address economic crisis
THE Intergovernmental Group of Twenty Four (G-24), has called for urgent attention to address the compounding economic crisis. The G-24 […]
NESG charges FG to increase efforts at building investors confidence
THE Nigerian Economic Summit Group (NESG) on Thursday commended the Federal Government for steps taken so far to increase investors’ […]
IMF chief aims to complete Zambia, Chad debt restructuring by year-end
INTERNATIONAL Monetary Fund Managing Director Kristalina Georgieva, said she hoped debt restructuring efforts for Zambia and Chad could be completed […]
FAO, Word Bank, others call for urgent action to address global food crisis
THE Food and Agriculture Organisation (FAO), International Monetary Fund (IMF), World Bank Group, World Food Programme, and World Trade Organisation […]
IMF calls for faster reforms before inking aid deal with Lebanon
THE International Monetary Fund (IMF) says it is ready to sign a final agreement with Lebanon at the earliest possible […]
IMF tasks Nigeria on framework to tackle inflation
THE International Monetary Fund (IMF) has called for a stronger operational framework and price stability to combat inflation in Nigeria. […]
IMF makes progress on gender equality in workforce
THE International Monetary Fund (IMF) says it has made significant progress in ensuring gender equality in its workforce through the […]
IMF: $168tr investments needed to address climate change
THE International Monetary Fund (IMF) has called for massive investments ranging from $84 trillion to about $168 trillion over the […]
Sri Lankan central bank governor upbeat about economic improvement
A number of decisions have been taken to improve the Sri Lankan economy and they are now seeing the result […]
MAN, LCCI to FG: Rising debt threatening economy
THE Lagos Chamber of Commerce and Industry, LCCI, the Manufacturers Association of Nigeria, MAN, and economy analysts have warned the […]
Sri Lanka declares state of emergency after president flees to Maldives
SRI Lanka declared a state of emergency Wednesday as thousands of people mobbed the prime minister’s office after the country’s […]
Towards collective decision on petrol subsidy, Nigeria’s economy
FOR political reasons, especially to keep the current government in power, the decision to stop the payment of subsidies has […]
Sri Lankan PM says discussions with IMF to seek assistance successful
SRI Lankan Prime Minister Ranil Wickremesinghe on Tuesday said recent discussions with the International Monetary Fund (IMF) to seek economic […]
FG tax revenue rises 35% to N1.2 trn
VALUE Added Tax, VAT, and Company Income Tax, CIT, rose by 35 per cent, year-on-year, YoY, to N1.2 trillion in […]
Nigerian economy and ravaging impacts of twin shocks of high debt profile, low industrial production
There are growing concerns that the borrowing spree of the government may not stop anytime soon, but debt sustainability of […]
Africa’s fate amidst Russia-Ukraine war
By Kennedy Nnamani THREE weeks into what the U.S described as “full-scale war, naked aggression, unprovoked, brutal assault on the […]
IMF, WB, AfDB write off Sudan’s debts, says PM Hamdouk
SUDANESE Prime Minister, Dr. Abdalla Hamdouk, announced on Monday that the World Bank, the International Monetary Fund…
IMF, Kenyan Authorities reach Staff-Level Agreement on three-year, $2.4bn financing package
A staff team from the International Monetary Fund, IMF, led by Mary Goodman conducted virtual missions to Kenya from…
COVID-19: Nigerian economy still fragile ahead of looming recession
Despite the looming recession in the country, some economists believe that though this year’s recession may be severe …
IMF, CNB join efforts to address demographic challenges
THE second joint conference entitled “Demographics, Jobs and Growth: Navigating the Future in Central, Eastern and …
Non Performing Loans in Nigerian Banks Double – IMF
THE International Monetary Fund, IMF, has observed that non-performing loans, NPLs, …
Nigeria—Act with Resolve, Build Resilience, and Exercise Restraint
My first visit to Africa as IMF Managing Director was in late 2011, and the first country on my itinerary was Nigeria. At that time, Nigeria was emerging from the 2008-09 commodity price collapse and the banking crisis that followed. …
CBN Retains Tight Monetary Policy
The Monetary Policy Committee decides to continue its tight monetary stance on the economy while harmonising the public and private sector Cash Reserve Ration, CRR, at 31 per cent at its meeting on Tuesday, May 19 …
No Time for Complacency over Ebola – IMF
The International Monetary Fund is ramping up fund from international partners to support West African countries afflicted with the Ebola Virus Disease. Germany and UK at the meeting in Washington contributed $72 million …
Rating Agencies’ Positive Outlook on Nigeria’s Economy
Fitch and Moody’s ratings for Nigeria remain at BB- with stable outlook, as Standard and Poor’s downgrades rating by one notch because of oil price fall …
Nigerian Banks are Sound – CBN
The Central Bank of Nigeria has declared that banks in the country are sound after doing a top-down stress on them …
Worrisome Slide in the Value of Naira
Nigerians are worried over the depreciation in the value of the Naira with some critics urging the fiscal and monetary authorities to cut out the leakages and corruption in the system to save the currency …