Tag: IMF

Why oil theft estimates are unrealistic- Navy
News

IMF predicts tougher global economy in 2023

  Managing Director of the International Monetary Fund, Kristalina Georgieva, has stated that 2023 will be tougher on the global economy than the previous year. According to Al Jazeera, she stated this on Sunday in an interview with American news channel CBS. Georgieva predicted that a third of the world’s economies will remain in recession […]

Why Nigeria must save oil revenues - IMF
News

Food crisis: IMF board approves $71 million for Guinea

  The International Monetary Fund has stated that it has approved a disbursement of $71 million for Guinea. According to Reuters, the IMF stated that the funds was disbursed under its ‘food shock window’ to help the country address urgent balance of payment needs related to the global food crisis. Guinea is currently facing a […]

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Ghana receives IMF’s $3bn bailout fund

Ghana has signed a $3billion bailout agreement with the International Monetary Fund following months of declining economic revenue. This is a follow-up visit to Accra, Ghana, by an IMF team led by the Mission Chief for Ghana, Mr. Stéphane Roudet. The visit, which lasted from December 1 to 13, 2022, included discussions with Ghanaian officials […]

Why Nigeria must save oil revenues - IMF
Economy

Why Nigeria must save oil revenues – IMF

The International Monetary Fund has urged the Nigerian government to save up on oil revenues as fears of a global food shock rise. The IMF made this know on Wednesday, at the 2022 IMF/World Bank meetings held in Washington DC, United States. This is coming after recent revenue challenges in the country despite the boom […]

Why Nigeria must save oil revenues - IMF
Economy News

IMF upgrades Nigeria’s economic growth forecast to 3.4%

The increase in global oil prices has caused the International Monetary Fund to review Nigeria’s economic growth potential to 3.4 per cent in 2022. The IMF disclosed this in its ‘World Economic Outlook: War Sets Back the Global Recovery, April 2022,’ report. In its January report, the Washington-based lender predicted a growth rate of 2.7 […]

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