Saturday, 23rd September 2023

International Monetary Fund

26 Jul 2022
A delegation of the International Monetary Fund (IMF) mission to Nigeria led by the Director, Second African Regional Technical Assistance Centre in West Africa (AFRITAC West 2), Eva Jenkner, las week, visited the Fiscal Responsibility Commission (FRC) during which the discussed areas of technical support for the Fiscal Year 2023/2024 Work Plan.
4 Jul 2022
Somehow, the Nigerian economy has tottered and wobbled through the first half of year 2022 (January to June), with practically all the indicators exhibiting worrisome trends.
6 Jun 2022
As envisaged, first quarter (Q1) capital importation data came last week with most of the figures in red. For the entire quarter, the country attracted a total of $1.57 billion.
18 May 2022
Less than two weeks to the presidential primaries of the political parties ahead of the 2023 elections, the US dollar has broken the N600/$ mark at the parallel market and set the tone for a possible uptick in the coming days.
9 May 2022
Once, indeed, is a mistake and twice, stupidity. But for the United States Federal Reserve System, both the first and second interest rate hikes were the beginning of a new trend
29 Apr 2022
The International Monetary Fund (IMF), yesterday, handed a mixed scorecard about Africa’s near-term economic outlook, saying there is limited or nonexistent fiscal space to maneuver the “new shock” triggered by the Ukraine war.
21 Apr 2022
The Minister of Finance, Budget and National Planning, Zainab Ahmed, yesterday, blamed the country’s rising fiscal deficit partly on the ongoing Ukraine war.
20 Apr 2022
The International Monetary Fund (IMF), yesterday, raised Nigeria’s growth projection for the year by 0.7 percentage points on account of rising oil prices.
19 Apr 2022
The war in Ukraine will heavily weigh down on economic growth in the eurozone, the IMF said Tuesday, as the conflict wreaks havoc on energy prices and the manufacturing sector. The International Monetary Fund revised its eurozone growth forecast for 2022 to 2.8 percent, down from 3.9 percent in its January estimate, with the region's…
30 Mar 2022
A new report by the International Monetary Fund (IMF) has drawn attention to the severity of port congestion as a drawback to efficient supply chains, saying facility upgrades are necessary to reduce the challenge.
29 Mar 2022
The International Monetary Fund has extended a credit facility to Mozambique, the first non-Covid related, since it pulled the plug over a $2-billion hidden debt scandal six years ago.
14 Mar 2022
Governments and the private sector have been advised to leverage satellite technology for better disaster management efforts globally.


6 mins ago
The Minister of Transportation, Sen. Saidu Alkali, has expressed disappointment over the slow pace of work on the reconstruction of the Eastern Railway Corridor by the Chinese Civil Engineering Construction Company (CCECC) Ltd. The minister made his feelings known on Friday when he inspected the progress of work done on the reconstruction of Eastern railway…
32 mins ago
Hundreds of protesters rallied in Sydney on Saturday against a plan to adapt Australia's constitution to enshrine Indigenous rights, ahead of a referendum next month. The crowd gathered in the city's Hyde Park railed against the proposal, which if it passes on October 14, would give Indigenous peoples the right to be consulted on policies…
48 mins ago
Jessica Burgess, a woman from the US state of Nebraska accused of helping her teenage daughter acquire abortion pills, was sentenced Friday to two years in prison, the New York Times reported. Burgess and her daughter were charged with working together to end Celeste Burgess' pregnancy last year. Jessica Burgess ordered the pills online and…
1 hour ago
The Russian-installed head of Sevastopol in annexed Crimea warned of a possible new Ukrainian missile attack on Saturday, a day after Kyiv hit Russia's Black Sea Fleet headquarters in the city. "Attention! Missile danger!" Sevastopol governor Mikhail Razvozhayev said on Telegram. "Close your windows properly and stay away from them," he said, asking commuters to…
1 hour ago
A US congressional delegation was meeting Armenia's leaders on Saturday to express support in the wake of protests rocking the small Caucasus nation after Azerbaijan reclaimed control over disputed Nagorno-Karabakh. The US embassy said the group will meet Prime Minister Nikol Pashinyan and a handful of other officials "to discuss US-Armenian relations and the impact…