International Monetary Fund Archives

Inflation and Omicron will dent world growth in 2022, says IMF

The International Monetary Fund has sharply cut its growth forecast for 2022 with a warning that higher-than-expected inflation and the Omicron variant have worsened the outlook...

W/Bank approves $700m credit for water, sanitation, hygiene in Nigeria

World News5 years ago

World Bank finalizing $160bn coronavirus relief package – President

…As G20 leaders plan to inject $5trn into global economy*** World Bank President David Malpass says the board of the financial institution is finalizing a package...

N35bn: Sell Pressure Pushes Stock Market Down By 0.05%

Banking & Finance5 years ago

NSE: Market capitalisation loses N260bn, activities result in 2.24% loss

… As IMF warns of looming recession in 2020, due to coronavirus*** Market capitalisation on Monday lost N260 billion to close at N11.308 trillion, at the Nigerian Stock...

World News6 years ago

Do not expect debt relief, U.S. warns Africa

The U.S. top Africa diplomat, Tibor Nagy, warned in Pretoria, South Africa on Monday that African countries running up debt they cannot pay back, including China,...

World News6 years ago

World food prices fall 0.9 pct in October – UN FAO

…As IMF urges Iran to safeguard stability in face of U.S. sanctions*** World food prices fell 0.9 per cent in October from the month before, reflecting...

Economy6 years ago

Revenue growth: Widen tax base, increase VAT compliance, IMF tells FG again

…As FG set to unbundle NIPOST*** Mission Chief and Senior Resident Representative of the International Monetary Fund, IMF, in Nigeria, Mr. Amine Mati, Tuesday, called for...

IMF demand to hike power tariff may worsen Pakistan’s inflation – Minister

Economy6 years ago

Rising inflation: Nigeria’s economy performing poorly – IMF

… Lowers South Africa’s economic growth forecasts, urges reforms*** Growth prospects in Africa are being held down by poor economic development in Nigeria, South Africa and...

Maritime7 years ago

UN sanctions for people smugglers in Libya in global first

…As IMF agrees to loan up to $50bn for Argentina*** The UN Security Council has imposed sanctions on six leaders of human trafficking networks operating in...

Banking & Finance7 years ago

IMF doubts Nigeria’s capacity to repay debts

…As DMO says ‘We borrow to fund budget, infrastructure’*** The International Monetary Fund on Monday expressed concern over Nigeria’s capacity to repay its debts and stressed...