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IMF upgrades Nigeria’s 2020 growth forecast

IMF upgrades Nigeria’s 2020 growth forecast

…says economy now to shrink by 4.3% …cuts growth forecast to 1.7% Although it continues to project a deep recession for the global economy this year due to the effects of the COVID-19, the Inter-national…

IMF reserve: Buhari calls for reallocation of $204bn

IMF reserve: Buhari calls for reallocation of $204bn

…backs debt relief for developing countries President presents 2021 budget next week President Muhammadu Buhari has called for the reallocation of the unused $204 who represented the president at the virtual highlevel meeting of Heads…

IMF: Global economic outlook less dire than expected

IMF: Global economic outlook less dire than expected

The global economic outlook is not quite as dark as expected even just three months ago, a top International Monetary Fund (IMF) official said on Thursday, citing better-than-anticipated economic data from China and other advanced…

IMF: Coronavirus crisis far from over

IMF: Coronavirus crisis far from over

…says more multilateral cooperation required The International Monetary Fund (IMF) yesterday warned that the coronavirus crisis was “far from over” and underscored the need for multilateral cooperation to ensure adequate supplies once a vaccine is…

IMF: Coronavirus may further shrink global imbalance

IMF: Coronavirus may further shrink global imbalance

The International Monetary Fund (IMF) has said that global current account imbalances narrowed in 2019 as trade slowed, and the coronavirus could narrow them further in 2020, but that some commodity exporters and tourism-dependent countries…

Covid-19: IMF receives $16bn loan request from sub-Saharan Africa

Covid-19: IMF receives $16bn loan request from sub-Saharan Africa

The International Monetary Fund (IMF) has received about $16 billion loan requests for countries in sub- Saharan Africa to fight the Coronavirus ( COVID-19). The Director of Communications at the IMF, Gerry Rice, stated this…

IMF: Global economy ‘not out of the woods’

IMF: Global economy ‘not out of the woods’

Global economic activity is picking up after an unprecedented decline this year due to the coronavirus pandemic, but a second major wave of infections could trigger more disruptions, the Managing Director, International Monetary Fund(IMF), Kristalina…