COVID-19: 170 Countries’ll Experience Negative Income Growth – IMF     About 170 countries will experience negative per capita income growth as a result of the COVID-19 pandemic causing global economic challenges, the International Monetary Fund has said. The Managing Director, IMF, Kristalina Georgieva, said it was already...

IMF Board To Meet On Nigeria’s $3.4bn Loan Request   The International Monetary Fund on Tuesday said its executive board would soon meet over a fresh $3.4bn loan request from Nigeria. The Federal Government had applied to the IMF for a rapid credit loan as part of...

Nigeria To Borrow $6.9bn From IMF, World Bank, AfDB   The Federal Government is to raise the sum of $6.9bn through external borrowing from the World Bank, the International Monetary Fund and the African Development Bank. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed,...

IMF Launches $1bn Fund Raising For Poor Countries   The International Monetary Fund says it has launched a fund-raising exercise that will enable the Catastrophe Containment and Relief Trust to provide about $1bn for the current COVID-19 pandemic. The Managing Director, IMF, Kristalina Georgieva, in a statement,...

IMF, W/Bank Call For Suspension Of Debt Payments By Poorest Nations   The International Monetary Fund and World Bank on Wednesday called for governments to put a hold on debt payments from the world’s poorest nations so they can battle the coronavirus pandemic. “The World Bank Group...

COVID-19: 80 Countries Seeking IMF’s Financial Assistance   The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has said the human costs of the coronavirus (COVID-19) pandemic are already immeasurable. She also disclosed that nearly 80 countries are requesting for its help. The IMF boss...