COVID-19: Expect Recession Worse Than 2008 Global Crisis – IMF   The International Monetary Fund has said the global economy will slide into a recession that is “at least as bad as during the global financial crisis or worse” this year on the back of the...

COVID-19: IMF Offers $50bn To Poor Countries   The International Monetary Fund says it is providing about $50bn through its rapid-disbursing emergency financing facilities for low income and emerging market countries that could potentially seek support. The Managing Director, IMF, Kristalina Georgieva, said this during the...

IMF, World Bank Differ On Nigeria’s Growth Forecast   Contrary to the 2.1 per cent growth projected by the World Bank in the Nigerian economy, the International Monetary Fund (IMF) on Monday projected 2.5 per cent growth for it. The IMF projection, as contained in its January...

Nigeria, Others Pushed Global Debt To $188trn, IMF Says   Total global debt rose by $3tn to $188tn at the end of 2018 as Nigeria, China and other countries increased their borrowings, the International Monetary Fund said on Tuesday. Nigeria’s total public debt, which stood at N21.73tn...

Nigeria Falls Short Of Economic Growth Expectation, IMF Says   The International Monetary Fund has said oil-dependent economies, including Nigeria, continue to fare less than countries reliant on other export sectors, a pattern in place since the drop of oil prices in 2014. The IMF stated this...

Again, IMF Cautions Nigeria Against Rising Debts   The IMF Senior Resident Representative and Mission Chief for Nigeria, Mr Amine Mati, has said that Nigeria’s debt to gross domestic product ratio at 28 per cent has increased but is still below the average sub-Saharan Africa and...