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Tag: IMF
European Central Bank to Unload $5.3trn Bond
The European Central Bank said on Thursday it would start reducing its 5 trillion euros or $5.3 trillion worth of bond holdings from March, in its next step towards a…
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US dollar is getting stronger: African countries are feeling the pain and have few policy options
The US dollar has been advancing rapidly in response to the Federal Reserve’s resolve to keep raising policy rates for longer to regain control of stubbornly high inflation. This has…
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IMF wants Nigeria to double VAT, adopts comprehensive tax reforms
The International Monetary Fund (IMF) has canvassed the implementation of tax administration reforms by Nigeria and urged the country to consider adjusting tax rates to levels comparable to the average…
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Nigeria risks food crisis in 2023, says IMF
The International Monetary Fund has said that Nigerians should brace up for higher food prices and risks in 2023 due to the recent floods and high fertilizer prices. According to…
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World Bank Food Security Update
Domestic food price inflation remains high around the world. Information between May to September 2022 shows high inflation in almost all low-income and middle-income countries; 88.9% of low-income countries, 91.1% of…
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Ghana assembles committee consisting of finance ministry, central bank to lead talks on IMF facility
Ghana’s finance ministry has formed a five-member committee with the Bank of Ghana to lead discussions with the financial services industry concerning an International Monetary Fund (IMF) programme, it said…
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IMF projects Nigeria’s economy to grow 3.2% in 2022 and down to 3.0% in 2023
The International Monetary Fund (IMF) on Tuesday projected that Nigeria’s economy is expected to grow at the rate of 3.0 per cent in 2023, lower than the 3.2 per cent…
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Statement by IMF Managing Director Kristalina Georgieva on her Visit to Saudi Arabia
International Monetary Fund (IMF) Managing Director Kristalina Georgieva made the following statement today at the end of her two-day visit to Saudi Arabia: “It has been a great pleasure to…
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Implications of a Russian Bond Default
Globally, Rating Analysts are worried that Russia is on the verge of defaulting on Government Bonds following its invasion of Ukraine in February, 2022. Russia currently faces an interest payment…
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China to restructure Congo’s debt
Congolese Prime Minister Anatole Collinet Makosso acknowledged on Monday the financial difficulties his country is facing, and promissed to reduce a debt that has recently increased. "Our financial difficulties,…
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