IMF – Page 4 of 7 – Prime Business Africa

The International Monetary Fund (IMF) sheds light on the concerning fiscal landscape faced by low-income countries, highlighting Nigeria's growing debt burden.

IMF Backs Fuel Subsidy Removal, As Gov’ts Spend $7trn To Lower Prices

About $7 trillion was spent globally on explicit and implicit fossil-fuel subsidies in 2022, the International Monetary Fund (IMF) revealed in a new report. With the cost of subsidies rising by $2

Fakoyejo Olalekan

9 months ago

Business

Nigeria’s Economy To Decline, IMF Reveals, Proffers Solution

Nigeria’s economy will decline between 2023 and 2024, the International Monetary Fund (IMF) has revealed in its World Economic Outlook Update. The IMF said the decline will be driven by the country’s oil

Fakoyejo Olalekan

10 months ago

World News

lMF Achieves $100bn Target For Climate, Poverty Funds

The International Monetary Fund (IMF) says it has met its target of reallocating the sum of $100 billion to tackle climate change and poverty in developing countries. This was disclosed on Thursday

Ifeanyi Ibe

11 months ago

Africa·Business

Ghana Gets IMF Approval For $3 billion Loan Bailout

The International Monetary Fund (IMF) has approved the $3 billion loan requested by the Ghanaian government, as the firm moves to assist the government in its ongoing debt restructuring and economic recovery.

Fakoyejo Olalekan

1 year ago

Business

IMF Blames China, US, Others For Dwindling Foreign Investments In Nigeria

The International Monetary Fund (IMF) has blamed Brexit and trade tensions between the United States and China amongst others as factors pulling down Foreign Direct Investment (FDI) in Nigeria. According to the

Fakoyejo Olalekan

1 year ago

Business

IMF, US Disagree Over Global Recession Induced By Financial Crisis

The International Monetary Fund (IMF) has stated that the financial crisis in the global banking sector is increasing the possibility of global recession, but the US says otherwise on Tuesday, 11 April

Fakoyejo Olalekan

1 year ago

Breaking: CBN Raises Interest Rate To 18.75%

Business

CBN Defends Anchor Borrowers’ Programme After IMF Criticism

The Central Bank of Nigeria (CBN) on Monday, 7 March 2023, countered the statement of the International Monetary Fund (IMF) over the Anchor Borrowers’ Programme (ABP). IMF had stated that the Anchor

Fakoyejo Olalekan

1 year ago

Breaking: CBN Tell Banks To Increase Interest Rate On Loan, Set MPR At 18.5%

Business

IMF Warns CBN, Others Against Financing Government’s Excessive Debt

The central banks have been warned by the International Monetary Fund (IMF) against constantly bailing out governments in their quest to borrow funds outside the bond market. Recall that the N23.7 trillion

Fakoyejo Olalekan

1 year ago

IMF Asks Nigeria, Others To Charge VAT, Capital Gains Tax On Crypto Assets

Business

Crypto Assets Have Been More Of Disappointment, IMF Says

The International Monetary Fund (IMF) has described cryptocurrencies as a disappointment, as they failed to meet the expectation of their users. In an IMF report authored by Tobias Adrian and Tommaso Mancini-Griffoli,

Fakoyejo Olalekan

1 year ago

Fuel, Bread, Others Push Nigeria's Inflation Rate To 22.41%, NBS CPI Report Shows

Business

NBS: IMF Tackles Nigeria’s ‘Outdated’ Inflation Rate Data

The monthly consumer price index (CPI) of the National Bureau of Statistics (NBS) has come under criticism from the International Monetary Fund (IMF). In a report titled; Nigeria: 2022 Article IV Consultation’,

Fakoyejo Olalekan

1 year ago

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IMF - Page 4

IMF Backs Fuel Subsidy Removal, As Gov’ts Spend $7trn To Lower Prices

Nigeria’s Economy To Decline, IMF Reveals, Proffers Solution

lMF Achieves $100bn Target For Climate, Poverty Funds

Ghana Gets IMF Approval For $3 billion Loan Bailout

IMF Blames China, US, Others For Dwindling Foreign Investments In Nigeria

IMF, US Disagree Over Global Recession Induced By Financial Crisis

CBN Defends Anchor Borrowers’ Programme After IMF Criticism

IMF Warns CBN, Others Against Financing Government’s Excessive Debt

Crypto Assets Have Been More Of Disappointment, IMF Says

NBS: IMF Tackles Nigeria’s ‘Outdated’ Inflation Rate Data

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