Tag: IMF
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Ahmed, Emefiele join other world economic experts at IMF/World Bank meetings
The Minister of Finance, Mrs Zainab Ahmed and the Governor, Central Bank of Nigeria, Mr Godwin Emefiele, will join other economic experts from around the world to discuss issues affecting global economy in Washington DC, US. The discussions are scheduled to hold between April 9 and April 14, under the auspices of the World Bank…
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Lagos economy will grow by four per cent to $136b in 2019 – IMF
Governor Akinwunmi Ambode on Wednesday said the economy of the state would grow by four per cent in 2019. Ambode, who spoke at separate meetings on Tuesday in an address he delivered to the state’s foremost social clubs – the Yoruba Tennis Club and Island Club, said “Lagos on a stand-alone basis in the year…
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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. IMF Managing Director, Christine Lagarde, in a statement issued at the conclusion of the Group of 20 (G-20) Summit in Buenos Aires, called for collaborative action by G-20…
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IMF warns Nigeria on debt service
The International Monetary Fund (IMF) has cautioned the Federal Government to be mindful of the country’s rising debt service to revenue ratio and take steps to mitigate the situation. IMF Senior Resident Representative in Nigeria Mr. Amine Mati yesterday issued the warning in Abuja at the public presentation of the “Regional Economic outlook: Sub-Saharan Africa,…
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Human Capital Index: FG reacts to World Bank ranking of Nigeria
Following ranking of Nigeria among the seven worst countries in the newly released World Bank’s Human Capital Index report, the federal government (FG) has called on all stakeholders to find country-led solutions to the critical human capital challenges facing the nation. TheNewsGuru (TNG) reports Minister of Finance, Zainab Shamsuna Ahmed, who made this known on…
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Dwindling economy: IMF urges Nigeria to diversify, increase non-oil revenue
The International Monetary Fund (IMF) has advised Nigeria to explore ways of increasing its revenue outside its traditional base of oil proceeds. The IMF’s Deputy Director, Fiscal Affairs Department, Paulo Mauro, who made the call at a press briefing at the on-going 2018 IMF/World Bank Meetings in Bali, Indonesia, admitted that there is an issue…
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Nigeria’s economy performing badly, might decline further in 2019 – IMF
…Predicts ‘Inflation’ll rise to 13.5% in 2019’ The International Monetary Fund (IMF) on Tuesday said growth prospects in Africa are being held down by poor economic development in Nigeria, South Africa and Angola. The Breton Woods institution, which said this at the Annual General Meetings of the IMF/World Bank currently going in Bali, Indonesia, also…
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IMF to release report on World Economic Outlook this week
The International Monetary Fund (IMF) will this week release the much awaited World Economic Outlook which project to the trajectory the world economies will take in the 12 months. The World Economic Outlook report will be released on Monday while the Global Financial Stability Report and the Fiscal Monitor will be released on Wednesday. Already…
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Ahmed, Emefiele join other economic experts at IMF/World Bank meeting
The Minister of Finance, Mrs. Zainab Ahmed and the Central Bank of Nigeria governor, Mr. Godwin Emefiele, will join other economic experts from around the world to discuss issues affecting the global economy. Discussions would take place under the auspices of the World Bank Group and the International Monetary Fund. The 2018 Annual Meeting of…
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Plane carrying IMF MD makes emergency landing in Argentina – Reports
An American Airlines plane with International Monetary Fund (IMF) Managing Director Christine Lagarde on board made an emergency landing in the Argentine airport on Sunday due to malfunction, local media reported. According to the Clarin newspaper, the plane took off for the U. S. at 8.55 p.m. local time (23.55 GMT) from Buenos Aires’ Ezeiza…