Tag: IMF

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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The IMF, COVID-19 And Anti-Corruption: The Story So Far

With a one trillion dollars in available lending capacity since the outbreak of COVID-19, the IMF has played a leading role in mitigating the economic impacts of the pandemic. To…

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