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Tag "international monetary fund"

Follow TheCable for updates from first virtual IMF/World Bank Spring meetings

    Follow TheCable for updates from first virtual IMF/World Bank Spring meetings

In the midst of a global health and economic crisis caused by the COVID-19 pandemic, the International Monetary Fund (IMF) and World Bank Group will hold the 2020 edition of

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Engage 774k Nigerians, share rice seized by customs… FG’s COVID-19 stimulus package

    Engage 774k Nigerians, share rice seized by customs… FG’s COVID-19 stimulus package

Zainab Ahmed, the minister of finance, budget and national planning, announced the fiscal stimulus measures to be carried out by the federal government in response to COVID-19 pandemic. Briefing journalists in Abuja

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Nigeria to benefit as IMF, World Bank ask bilateral lenders to suspend debt repayment

    Nigeria to benefit as IMF, World Bank ask bilateral lenders to suspend debt repayment

The International Monetary Fund and the World Bank Group have asked official bilateral lenders to suspend debt repayments from International Development Association (IDA) countries. The Bretton Wood institutions made the

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Coronavirus outbreak could cause global recession, IMF warns

    Coronavirus outbreak could cause global recession, IMF warns

The International Monetary Fund has warned that the global economy could suffer a severe recession “at least as bad during the 2008 global financial crisis or worse” in 2020. Cases

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Tax audits, VAT increase, corruption fight… IMF says Nigeria is on the right track

  Tax audits, VAT increase, corruption fight… IMF says Nigeria is on the right track

The International Monetary Fund (IMF) has commended the Nigerian government for fighting corruption and carrying out tax audits. Speaking to

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IMF endorses VAT increase, says it will cushion declining oil revenue

  IMF endorses VAT increase, says it will cushion declining oil revenue

Amine Mati, a senior resident representative with the International Monetary Fund (IMF) and mission chief for Nigeria, says an increase

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REPORTER’S DIARY: How comments in Washington DC caused fuel queues in Nigeria

  REPORTER’S DIARY: How comments in Washington DC caused fuel queues in Nigeria

The mere mention of ‘fuel subsidy’ in Nigeria raises ears; add ‘removal of’ as prefix to the two words and

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IMF increases growth projection for Nigeria

  IMF increases growth projection for Nigeria

The International Monetary Fund says Nigeria’s economy will expand a little faster than its earlier projection. In the World Economic

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CBN leaves rates unchanged as IMF downgrades growth

  CBN leaves rates unchanged as IMF downgrades growth

In a widely expected move, the Central Bank of Nigeria (CBN) has left interest rates unchanged at 14% for January.

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Emefiele: It is either build reserves or save the naira — we’re choosing the naira

  Emefiele: It is either build reserves or save the naira — we’re choosing the naira

Godwin Emefiele, governor of the Central Bank of Nigeria, says the Buhari-led administration chose to save the naira instead of

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