The International Monetary Fund yesterday called for judicious use of Nigeria’s external reserves in defending the naira against the outflow of foreign portfolio investment triggered by rising interest rate in the United States and other advanced countries. IMF’s Head, Emerging Economies Regional Studies Division, European Department, Anna Ilyina made this call in Bali, Indonesia, while […]
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Former Director of World Bank and former Minister of Finance, Dr. Ngozi Okonjo-Iweala, has revealed how she and the Managing Director of the International Monetary Fund (IMF), Madame Christine Lagarde, were locked out of the Presidential Villa by someone she described as ‘a very powerful aide’ of former President Goodluck Jonathan. She revealed in her […]
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The chief of the International Monetary Fund is calling on governments and businesses to do more to promote the same business and economic opportunities for men and women and to fight discrimination that interferes with those goals. The fund’s managing director, Christine Lagarde, tells a Washington conference that ensuring equal pay and economic opportunities for […]
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France’s highest appeals court ruled on Friday that International Monetary Fund chief Christine Lagarde must stand trial for her role in a 400 million euros ($440 million) state payout in 2008 to businessman Bernard Tapie. She was French finance minister at the time when she signed off on the decision to seek a extremely rare […]
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The Minister of Finance, Mrs Kemi Adeosun, says Nigeria will overcome its economic challenges without taking loan facility from the International Monetary Fund (IMF). In a statement issued in Abuja on Saturday, Adeosun made the observation at the ongoing Spring Meetings of the IMF-World Bank in Washington DC in response to why the government has refused […]
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The Managing Director of the International Monetary Fund, Christine Lagarde, has said the organisation remains available for Nigeria whenever the country needs financial assistance from it. The IMF boss noted that the persistent devaluation of the naira might not be a good measure for the Federal Government. Lagarde stated this in a recent online question […]
Read More Christine Lagarde is having some trouble sleeping at night. The head of the International Monetary Fund said “quite a few countries” are keeping her awake lately, but at the top of the list are low-income nations that rely heavily on exporting oil. “I think of a country like Nigeria, for instance, where 90% of its […]
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THE nation’s external reserves fell to $28.1bn on January 28, the lowest level since 2005, data from the Central Bank of Nigeria showed on Friday. The foreign exchange reserves had stood at $29.13bn a month ago, the data showed. On December 31, 2015, the reserves closed at $29.070bn, reflecting a decline of 15.79 per cent […]
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DIRECTOR of Communications at the International Monetary Fund (IMF), Gerry Rice, has said the Executive Board has approved an important reform to the Fund’s exceptional access lending framework. The framework also includes the removal of the systemic exemption that was introduced in 2010. He said the objective of this reform is to better calibrate IMF […]
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GUARDIAN: THE world’s political and business leaders, plus the usual smattering of celebrities – including Leonardo DiCaprio – are heading to Davos, the Swiss Alpine resort where the World Economic Forum’s annual conference begins on Tuesday evening. The ensuing four days of debate will focus on the following themes: The rise of the robots The […]
Read More THE International Monetary Fund (IMF) has projected 3.4 per cent global economic growth for 2016, indicating an increase of 0.3per cent over last year’s growth rate of 3.1per cent. The World financial body has equally forecast a growth rate of 3.6per cent for 2017, pointing out that the pickup in global activity is projected to […]
Read More The Managing Director of the International Monetary Fund, Christine Lagarde, said yesterday that Nigeria was under severe economic stress. Lagarde, who was on a four-day visit to Nigeria last week, stated this at a farewell symposium for the Governor of the Central Bank of France, Christian Noyer, in Paris. According to the IMF boss, Nigeria and […]
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