Lagos State economy would grow by four per cent in 2019, the Governor, Akinwunmi Ambode, said. Ambode, who spoke at separate meetings on Tuesday in an address he delivered to the state’s foremost social clubs – the Yoruba Tennis Club and Island Club, said “Lagos on a stand-alone basis in the year under reference, would […]
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The International Monetary Fund has put the global debt at $180 trillion, warning highly indebted emerging-markets and low-income countries against what it termed pro-cyclical fiscal policies. IMF Managing Director, Christine Lagarde, in a statement issued at the conclusion of the Group of 20 Summit in Buenos Aires, called for collaborative action by G-20 leaders as […]
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FSDH Research, an arm of FSDH Merchant Bank Limited, says Nigerian’s economy has the potential to perform better than what the International Monetary Fund predicted. It added that for the country to realise its full potential, issues such as security of lives and property, infrastructure, rule of law, and the diversification of revenue and the […]
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For many years now including the mid-year economic growth projections, the World Bank and the International Monetary Fund, IMF, have consistently presented growth rates below Nigeria’s official figures, and the IMF’s director in charge of Africa, Mr Abebe Selassie, said the Bretton Woods Institution’s figures are always more current than Nigeria’s. There have been such […]
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At the 2018 annual meetings of the International Monetary Fund and World Bank held in Bali, Indonesia, the Nigerian delegation led by the Minister of Finance, Mrs. Zainab Ahmed, had talks with development partners, including the Bretton Woods institutions and investors. Among the delegation were the Minister of Budget and National Planning, Senator Udoma Udo […]
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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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The International Monetary Fund (IMF) has cut the growth projections made for Nigeria to 1.9 percent from 2.1 percent, saying the country’s economy is doing poorly. Gian Maria Milesi-Ferretti, deputy director at IMF’s research department made this known yesterday while addressing journalists at the ongoing annual meetings of the International Monetary Fund and World Bank […]
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The recent rise in the nation’s debt profile and continued decline in the external reserves are slowing down the recovery and growth of the economy. Experts attribute the disturbing situation to the approaching general elections in February next year and the exit of foreign portfolio investors for fear of losing their investments. The International Monetary […]
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BUENOS AIRES (Reuters) – Argentina is “unequivocally” making progress on its goals to cut its fiscal deficit as part of a $50 billion International Monetary Fund (IMF) program, Fund Managing Director Christine Lagarde said on Saturday. International Monetary Fund (IMF) Managing Director Christine Lagarde attends a news conference in Buenos Aires, Argentina, July 21, 2018. […]
Read More The International Monetary Fund (IMF) yesterday upgraded its growth rate forecast for Nigeria’s Gross Domestic Product (GDP) in 2019 to 2.3 percent, while retaining 2.1 percent for 2018, citing improved crude oil prices. The IMF announced the upgrade in its World Economic Outlook (WEO) Update, July 2018 titled, ‘Less Even Expansion, and Rising Trade Tensions’. […]
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The International Monetary Fund (IMF) says Nigeria’s economic outlook for 2018 remains challenging as private sector lending remains low and foreign exchange inflows are mostly short-term. IMF in a statement issued in Washington on Friday by Lucie Fouda, the Fund’s Press Officer, said higher oil prices and portfolio flows had helped strengthen fiscal and external […]
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International Monetary Fund, IMF, yesterday, warned that Nigeria urgently needed a coherent set of policies for the economy to thrive in the months ahead. The IMF, in a statement by its Senior Resident Representative and Mission Chief for Nigeria, Mr. Amine Mati, further cautioned that Nigeria’s economic outlook remained vulnerable, adding that the country’s inflation […]
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