The International Monetary Fund has raised a red flag, warning that Nigeria is currently grappling with a deepening economic crisis. The organization expressed concern about stagnant...
The International Monetary Fund has recommended that the Central Bank of Nigeria raise interest rates in the upcoming Monetary Policy Committee meeting to tackle the country’s...
The International Monetary Fund has issued a warning to Nigeria and other Sub-Saharan African countries about the risks associated with their close economic relationships with China....
The International Monetary Fund has forecast that South Africa will overtake Nigeria as Africa’s biggest economy in 2024, albeit. According to the IMF’s World Economic Outlook,...
Agency Report Bitcoin is not a cure-all for Africa’s economic woes, the International Monetary Fund warned Thursday, after the Central African Republic adopted the cryptocurrency as...
Agency Report The board of governors of the International Monetary Fund on Monday greenlit increasing the institution’s lending capacity by $650 billion, the last step in...
Uganda has applied to the International Monetary Fund (IMF) for a $900 million loan to help bolster its shaky finances after the COVID-19 pandemic hammered its...
The International Monetary Fund (IMF) has warned that more than 30 million people in sub-Saharan Africa are being pushed into poverty by the economic impact of...
Sub-Saharan Africa is set to record the slowest economic growth of any world region this year as the continent struggles to bounce back from a pandemic-triggered...
The International Monetary Fund (IMF) has agreed to pay Pakistan a $500m tranche of a bailout package that was suspended a year ago due to Islamabad’s...
The International Monetary Fund (IMF) has in its latest World Economic Outlook (WEO) projected global growth for 2021 to be 5.5 percent as against 5.2 percent...
Nigeria’s finance minister said a debt relief agreement reached this week to help the world’s poorest countries deal with the coronavirus pandemic was a welcome first...
The World Bank Group says it will have COVID-19-related projects in 100 countries by the end of April. The Bank’s President, David Malpass, said this in...
The board of the International Monetary Fund approved $500 million through the IMF Catastrophe Containment and Relief Trust to cancel six months of debt service for...
The World Health Organisation (WHO) on Thursday expressed worry that some countries have not taken coronavirus seriously. The body said their level of political commitment and...