IMF News – Page 6 of 8 – Prime Business Africa

60% Of Low-Income Countries At High Risk Of Debt Distress – IMF Declares

The International Monetary Fund’s First Deputy Managing Director, Gita Gopinath has announced that about 60% of low-income countries are at high risk of or already in debt distress, and about 20 emerging markets have debt that’s trading at distressed levels. The IMF’s

August 26, 2022

Business

IMF Warns Cryptocurrency Risk Might Affect Stock Market Investors

International Monetary Fund (IMF) said retail and institutional investors in the equity markets are at risk as cryptocurrency volatility is spilling over into the stock exchange, and it has started in Asia. IMF, in a blog post authored by its Managing Editor,

August 23, 2022

Business·Finance & Economy·News

IMF Doles Out $235.6 Million Budget-Support Loan For Kenya

The Executive Board of the International Monetary Fund (IMF) has approved a $235.6 million loan disbursement to Kenya. It is understood that the loan is the third installment for Kenya under the IMF’s Extended Credit Facility and Extended Fund Facility arrangements

July 19, 2022

Business·Oil & Gas

Pres. Buhari Told To Remove Fuel Subsidy After Rejecting IMF, World Bank Advice

Nigeria’s Extractive Industries and Transparency Initiative (NEITI) has expressed its disagreement with President Muhammadu Buhari’s statement over the removal of fuel subsidy, which has suspended for 18 months in January. On Tuesday, President Buhari had said he rejected suggestions to remove the

June 22, 2022

Business

Debt Servicing May Gulp 100% Of FG’s Revenue By 2026 – IMF

The International Monetary Fund has disclosed that debt servicing may gulp 100 per cent of the Federal Government’s revenue by 2026 if the government fails to implement adequate measures to improve revenue generation. The IMF’s Resident Representative for Nigeria, Ari Aisen, made

May 31, 2022

Business·News

FOOD INSECURITY: IMF Seeks Coordination Among Financial Institutions

Kristalina Georgieva, managing director, International Monetary Fund (IMF), said coordination among international financial institutions (IFIs) is crucial to alleviating food insecurity in vulnerable countries. Georgieva made this known in a statement published on IMF’s website on Wednesday. The IMF chief said Russia’s invasion

May 19, 2022

News

Nigeria’s Economy Grows By 3.4% — New Report

Nigeria has recorded an annual Gross Domestic Product (GDP) growth of 3.4 per cent in 2021, which happens to be the strongest growth in seven years since 2014. Representing the first annual growth since the COVID-induced recession of 2020, the 3.4 per

May 12, 2022

Business

IMF Says Rising Crude Oil prices Will Worsen Inflation

The International Monetary Fund (IMF) has disclosed that rising oil prices may lead to high inflation and slow growth across the world. The IMF explained that the rising oil prices may echo the 1970s when geopolitical tensions caused fossil fuel prices to

May 7, 2022

Business

IMF Warns, Says Nigeria’s Inflation May Worsen To 16.1% In 2022

The International Monetary Fund (IMF) has foreseen that Nigeria’s Consumer Price Index will hit 16.1 per cent in 2022. This forecast was presented in a tabular illustration in the IMF’s Regional Economic Outlook for Sub-Saharan Africa released last week, which was published

May 2, 2022

Business

IMF Sees Soaring Food Prices In Nigeria, Others Till 2023

The International Monetary Fund (IMF) has disclosed the impact of the war in Ukraine is likely to sustain pressure on commodity prices, affecting oil and gas prices severely in 2022 and food prices well into 2023 in Nigeria and other countries of

April 22, 2022

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IMF News - Page 6

60% Of Low-Income Countries At High Risk Of Debt Distress – IMF Declares

IMF Warns Cryptocurrency Risk Might Affect Stock Market Investors

IMF Doles Out $235.6 Million Budget-Support Loan For Kenya

Pres. Buhari Told To Remove Fuel Subsidy After Rejecting IMF, World Bank Advice

Debt Servicing May Gulp 100% Of FG’s Revenue By 2026 – IMF

FOOD INSECURITY: IMF Seeks Coordination Among Financial Institutions

Nigeria’s Economy Grows By 3.4% — New Report

IMF Says Rising Crude Oil prices Will Worsen Inflation

IMF Warns, Says Nigeria’s Inflation May Worsen To 16.1% In 2022

IMF Sees Soaring Food Prices In Nigeria, Others Till 2023

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