Tags : IMF

International Monetary Fund: Board of Governors Approve $3.35 Billion To

The Board of Governors of the International Monetary Fund (IMF) has approved the allocation of $3.35 billion to Nigeria as part of a historic general allocation of special drawing rights (SDRs) of the International Multilateral Institution. This is a result of the approval of a general allocation of about SDR456 billion, an equivalent of $650 […]

IMF Increases Nigeria’s 2021 Economic Growth Forecast

The International Monetary Fund, IMF, has revised upward its growth forecast for the Nigerian economy in 2021 to 2.5 per cent from its earlier projection of 1.5 per cent it announced in January. The IMF announced the new projection in its World Economic Outlook Update. This is just as there are strong indications that Nigeria […]

Coronavirus: IMF Approves Debt Relief For 25 Countries

The International Monetary Fund has announced immediate debt relief for 25 poor Countries to help them free up funds to fight the Coronavirus pandemic. The IMF Managing Director , Kristalina Georgieva, said in a statement on Monday, April 13, 2020, that this will provide grants to poorest and most vulnerable members to cover their IMF […]

IMF Grants Tunisia $745m Loan To Combat Coronavirus

The International Monetary Fund (IMF) has approved the sum of 745-million-dollar loan to help Tunisia stabilise the economy and combat the coronavirus pandemic. According to the News Agency of Nigeria (NAN), the IMF expects Tunisia to contract by 4.3 per cent in 2020, in what is speculated to be the worst recession since the country’s […]

COVID-19: World May Face Worst Economic Fallout – IMF

The International Monetary Fund (IMF) has warned that the global coronavirus pandemic is causing an economic crisis unlike any in the past century. According to AFP, the IMF Chief, Kristalina Georgieva disclosed this on Thursday in a speech previewing next week’s spring meetings of the IMF and World Bank, which will be held virtually due […]

COVID-19: FG Approves $150 Million Stabilisation Fund

The Federal Government has announced the approval of $150million stabilisation fund to meet shortfalls in monthly allocations. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, announced this on Monday, April 6, 2020, in Abuja during a media briefing on the measures to tackle the impact of the Coronavirus pandemic on the economy. […]