IMF puts global debt at $180trn
The International Monetary Fund (IMF) 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.
Afreximbank urges economic cooperation to counter trade uncertainties
African Export-Import Bank (Afreximbank), has called for greater cooperation among south economies to deal with the uncertainties resulting from the current global trade environment.
Nigeria’s debt level under control, says Adeosun
In spite of the warning by the International Monetary Fund (IMF) that debt levels in African economies were rising, Minister of Finance, Mrs. Kemi Adeosun, yesterday said Nigeria’s debt level was still sustainable and under control.
IMF's Lagarde warns against harming trade, investment
With US-China frictions hanging over its annual meeting, the International Monetary Fund on Thursday warned governments to avoid harming trade and investment which have been key drivers of the global economic recovery.
China vows to open markets as Lagarde warns against trade friction
China said Wednesday it would further open its financial markets in the latest apparent attempt to cool economic tensions with the United States, as IMF chief Christine Lagarde warned the world trade system was in danger of being "torn apart" by protectionism.
IMF gives mixed verdict on economy, reforms
Nigeria’s economy remains vulnerable, though policies and favourable oil prices have helped it to overcome a recession.Disclosing this position yesterday, the International Monetary Fund (IMF) noted that the economy is yet to receive boost from policy implementations that could make it withstand.....
IMF chief urges Arab states to slash spending
Kenya-born French long distance runner, Abraham Kiprotich, wins the 3rd Access Bank Lagos City Marathon returning 2hrs 15mins o4secs, while Ilya Pam wins the indigenous race with 2hrs 27mins.
IMF Chief meets South Africa’s Ramaphosa in Davos to discuss economy
IMF chief Christine Lagarde said on Tuesday she had met with South African Deputy President Cyril Ramaphosa on the sidelines of the World Economic Forum in Davos and agreed that structural challenges were a burden to economic growth in Africa’s largest economy. Their meeting comes a day after the International Monetary Fund cut South Africa’s…
Snow-bound Davos warms to business-friendly climate
After spectacular snowfall that stranded high-flying delegates on their way to Davos, the World Economic Forum starts in earnest on Tuesday basking in robust global growth but facing warnings that the world's have-nots are missing out more than ever.
IMF raises global growth forecasts, US tax cuts provide boost
Global economies are recovering simultaneously and at a stronger pace, and will get at least a short-term boost from the US tax cuts, the International Monetary Fund said Monday.