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IMF: Global uncertainty remains ‘elevated’ amid Ukraine war, cost-of-living crisis

IMF: Global uncertainty remains ‘elevated’ amid Ukraine war, cost-of-living crisis

Global economic uncertainty remains elevated and is weighing on growth due to “successive shocks” that include the costof- living crisis and the war in Ukraine, the International Monetary Fund (IMF) said in a new report…

IMF: Crypto exchange, FTX’s collapse spurs improved regulation

IMF: Crypto exchange, FTX’s collapse spurs improved regulation

The International Monetary Fund (IMF) has said the collapse of the world’s third largest crypto exchange, FTX, and subsequent plunge in the prices of Bitcoin, Ethereum, and other major crypto assets, is prompting renewed calls…

Inflation: Nigeria, others face most challenging economic milieu–IMF

Inflation: Nigeria, others face most challenging economic milieu–IMF

As inflation sweeps across the world, taking a toll on various economies, including that of Nigeria and countries in the sub-Sahara regions, the International Monetary Fund (IMF) has identified the need to urgently tackle the…

Nigeria may tap into IMF’s Food Shock Window

Nigeria may tap into IMF’s Food Shock Window

…mulls debt restructuring…N20trn outstanding to be bundled into bonds Nigeria is considering tapping into the newly created International Monetary Fund’s (IMF) Food Shock Window (FSW) with a view to boosting her external reserves and addressing…

IMF sees Nigeria’s inflation easing

IMF sees Nigeria’s inflation easing

…slashes country’s 2022 growth forecast by 0.2% …tasks central banks on traditional tools’ deployment Nigeria’s inflation would decelerate to 19 per cent at the end of this year and further to 17 per cent in…

IMF: Nigerians, others’ll suffer malnutrition this year

IMF: Nigerians, others’ll suffer malnutrition this year

Citing soaring food prices and depressed incomes, the International Monetary Fund (IMF) has estimated that at least 123 million people in Nigeria and other sub-Saharan Africa countries will be unable to meet their minimum food…

IMF to cut global growth forecasts due to Ukraine war

IMF to cut global growth forecasts due to Ukraine war

The International Monetary Fund (IMF) will cut its global growth estimates for 2022 and 2023 as Russia’s war in Ukraine drives food and energy prices higher, piling pressure on already fragile economies, Managing Director, Ms…

IMF: Nigeria’s debt-to-GDP remains relatively low

IMF: Nigeria’s debt-to-GDP remains relatively low

Compared to other low-income countries, Nigeria’s debt to Gross Domestic Product (debt-to- GDP) ratio is relatively on the low side, the International Monetary Fund (IMF) has said. The Head of the World Economic Studies Division…

Nigeria’s fiscal deficit to hit 6.3% of GDP in 2021 –IMF

Nigeria’s fiscal deficit to hit 6.3% of GDP in 2021 –IMF

…calls for complete removal of subsidies The International Monetary Fund (IMF) has said Nigeria’s fiscal deficit will widen to 6.3 per cent of Gross Domestic Product (GDP) in 2021, noting that it will worsen in…

IMF: Nigeria, others require $425bn to finance recovery

IMF: Nigeria, others require $425bn to finance recovery

…projects 3.4% growth for sub-Saharan Africa in 2021 To mitigate the social and economic impact of COVID-19, Nigeria and other countries in sub-Saharan Africa will need additional external In its latest Regional Economic Outlook for…