AGS NEWS – International Monetary Fund (IMF) has approved a $1.1 billion disbursement to Ukraine as part of a four-year, $15.5 billion loan program designed to support the country’s budget during the ongoing conflict with Russia. IMF Managing Director Kristalina … Continue reading IMF approves $1.1bn for Ukraine amid ongoing conflict
The International Monetary Fund (IMF) has reported that the Nigerian government has resumed the provision of subsidies on premium motor spirit (PMS), commonly known as petrol. This move comes after President Bola Tinubu’s announcement on May 29, 2023, during his … Continue reading IMF confirms reinstatement of petrol subsidy under Tinubu administration
The declining economic growth in China is expected to have repercussions on Nigeria’s economic prospects, according to the International Monetary Fund (IMF). The IMF highlighted that China’s deep economic connections with sub-Saharan African countries, particularly over the past two decades, … Continue reading IMF warns of impact on Nigeria as China’s economy slows
In a recent announcement made in Marrakech, Morocco, member states of the International Monetary Fund (IMF) have unanimously agreed to boost their contributions to the global financial institution. They also consented to allocate Africa an additional position on the IMF’s … Continue reading IMF and World Bank concludes meetings in Morocco
The International Monetary Fund (IMF) has issued a cautionary note, suggesting that the United Kingdom may experience five more years of elevated interest rates in a bid to curb escalating prices. The IMF anticipates that the UK will encounter the … Continue reading IMF forecasts five more years of high interest rates for UK
The Resident Representative of the International Monetary Fund (IMF) for Nigeria, Ari Aisen, has emphasized that lower inflation rates and a more predictable exchange rate are key factors that can attract increased investments into the country. During his appearance on … Continue reading IMF highlights lower inflation and stable exchange rates
Following the Central Bank of Nigeria’s decision to float the national currency against the dollar and other global currencies, the naira experienced a significant appreciation, closing at 663.04/dollar on Friday. Within a 24-hour period, the currency strengthened by approximately 5.9%, … Continue reading IMF commits support as naira appreciates to N663/$ in Nigeria
President Akufo-Addo has expressed that the International Monetary Fund (IMF) relief program will not immediately alleviate the economic challenges faced by Ghana. He believes that the program will restore confidence and open up opportunities that have been inaccessible in recent … Continue reading IMF program to restore confidence, but won’t guarantee economic relief – Akufo Addo
Head of the International Monetary Fund (IMF), Kristalina Georgieva, strongly criticized the United States for prolonging the debt dispute until the last minute, warning that it jeopardizes the stability of the global financial system. Georgieva expressed frustration with the ongoing … Continue reading IMF chief urges United States to resolve debt dispute without delay
The International Monetary Fund (IMF) has advised the incoming government of President-elect Sen. Bola Tinubu to prioritize increasing Nigeria’s revenue base and reduce dependence on debt to fund expenditures. During a virtual forum on the Nigerian debt situation, the Resident … Continue reading IMF urges incoming government to boost revenue and reduce dependency on debt
According to a report titled “Nigeria’s eNaira, One Year After” published on the International Monetary Fund’s website, it has been revealed that 98.5% of eNaira wallets have remained unused one year after the launch of Nigeria’s central bank digital currency. … Continue reading Usage of Nigeria’s eNaira wallets lags with 98.5% remaining unused, says IMF report
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has expressed concern about the unknown consequences that could arise from the introduction of retail central bank digital currencies (CBDCs). In an interview at the Milken Institute’s 2023 Global … Continue reading CBN’s eNaira records N1.4m transactions as IMF sounds caution
IMF warns of financing shortage and public debt in Sub-Saharan Africa, while urging policymakers to maintain prudent monetary policy tightening; Senegal faces worrying inflation due to soaring food prices, and Libyan date producers struggle with poor marketing. IMF report also … Continue reading IMF forecasts economic slowdown and warns of financing shortage in Sub-Saharan Africa
The recent World Bank/International Monetary Fund Spring meetings in Washington DC, the Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala, highlighted the crucial role of global value chains in job creation and inclusion, as evidenced during the COVID-19 pandemic. She … Continue reading Okonjo-Iweala highlights the significance of global value chains for job creation and inclusion at World Bank/IMF meetings
The International Monetary Fund (IMF) has reiterated its growth forecast for the Nigerian economy in 2023, projecting a 3.2 per cent growth rate, according to its recent report titled “World Economic Outlook: A Rocky Recovery 2023 APR”. The report, released … Continue reading IMF projects Nigeria’s economy to grow by 3.2% in 2023
The International Monetary Fund (IMF) has maintained Nigeria’s economic growth projection for 2023 at 3.2 percent, according to its latest update in the ‘World Economic Outlook: A Rocky Recovery (2023 Apr)’. Additionally, the IMF has revised Nigeria’s economic growth projection … Continue reading IMF maintains Nigeria’s economic growth projection at 3.2%
The global economy is expected to grow at its slowest pace since 1990, with the IMF projecting roughly 3% growth over the next five years, according to Kristalina Georgieva, head of the International Monetary Fund. She warned of a “rough … Continue reading Global economy experiences slowest growth since 1990 -IMF
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