Nigeria, 69 Other Countries Get $99bn IMF Cash       The International Monetary Fund (IMF) on Monday released its updated economic funding support totalling $99 billion to 70 emerging and developing economies to tackle COVID-19 pandemic. In an emailed report, the IMF said it advanced $29 billion under...

IMF Projects Lower Per Capita Income By Year-end Globally   With the recent global economic crisis caused by the Coronavirus (COVID-19) pandemic, the International Monetary Fund (IMF) has warned that 90 per cent of the world will be worse off with lower per capita income by...

IMF Advises Banks To Suspend Dividend Payment     The International Monetary Fund has advised commercial banks to retain their earnings by suspending payment of shareholders’ dividends during the COVID-19 pandemic. The IMF Managing Director, Kristalina Georgieva, made the call in an opinion article entitled ‘Halt bank dividends...

Nigeria Receives IMF's $3.4bn Emergency Loan     Nigeria has reportedly received the $3.4bn emergency financial assistance from the International Monetary Fund. The Federal Government said it will use the funds, which was approved under the Rapid Financing Instrument by the Executive Board of the IMF on April...

World Bank, IMF, Others Suspend Debt Service   Four global multilateral institutions – World Bank, International Monetary Fund, G20 and Paris Club – yesterday agreed to a time-bound debt service payment suspension for world’s poorest economies that request forbearance. IMF Managing Director, Kristalina Georgieva, who broke the...

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...