Tag: IMF

“I concluded that the markets, including the domestic market—because that you can read from the capital markets—and the international markets, ...

"Let me be clear, there will be no return to fuel subsidies or multiple exchange rates," he said.

“And our advice in many places has been to phase these subsidies gradually, and make sure that what you save ...

"When you are going through a crisis, it forces you to be creative," Mr Cardoso said.

“It’s first fiscally very costly, and second, if you look at the pattern of consumption, it’s easy to see that ...

“People can easily tell that because of the reform, life is harder. But you need to show them without the ...

However, the financial institution said price-suppressing measures can be expensive because much of the support may benefit households that don't ...

“Civil society must be asking your governments, are you joining the Borrowers’ Platform? Why are you not joining the Borrowers’ ...

The report warned that the possibility of renewed Middle East conflict looms large and could extend commodity price volatility, further ...

"For the avoidance of doubt, the Federal Government does not operate a ‘shadow budget’ or expend public funds outside the ...

The warning comes as Nigeria continues to rank among the world's largest crypto markets.

The greater challenge is creating a framework that protects users without stifling innovation, combats illicit activity without discouraging legitimate use, ...

IMF/World Bank How could the increased liquidity at state and local government levels, and the increasing empowerment of local governments ...

"Strong reforms over the past three years have yielded improved macroeconomic outcomes and built resilience. Still, conditions for many Nigerians ...

IMF issued the advisory in its latest Article IV consultation report on Nigeria, noting that while rising crude oil prices ...

The new 30-member cabinet was announced on Monday in a live broadcast, an hour after Mr Sonko, the ousted Prime ...

Mr Sonko believed that President Faye was drifting away from the party’s original agenda and had previously threatened to pull ...

He cited the resurgence of military coups and constitutional manipulations by civilian leaders in countries like Cote d’Ivoire, Guinea and ...

The training came at a time when accurate and responsible economic reporting is critical

Nigeria plans to take a firm position at the forthcoming COP30 summit, to be hosted in Brazil to champion the course ...

...why have democracy and development eluded most, if not all, of Africa, despite its immense rich natural resources, predictable climate, ...

As banks adjust to these measures, they may experience reduced profits, tighter liquidity, and a heightened need for provisions

“Nigeria’s potential is beyond doubt,” the IMF says.

But the IMF said poverty and food insecurity had worsened, and urged the government to speed up support for the ...

“In 2023, I had described the state of the economy when this government assumed office as akin to a standing ...