Photo by Goh Chai Hin / AFP)
“Record holdings of mostly short-term local debt and equity and a current account surplus lifted gross international reserves to a peak in April 2018, while the three-times oversubscribed November 2018 Eurobond helped cushion the impact of outflows later in the year”. “Monetary policy focused on exchange rate stability would help contain inflation but worsen competitiveness if greater flexibility is not accommodated when needed. High financing costs, on the back of little fiscal adjustment, would continue to constrain private sector credit, and the interest-to-revenue ratio would remain high.
Directors, therefore, urged the authorities to redouble their reform efforts, and supported their intention to accelerate implementation of their Economic Recovery and Growth Plan. They noted that phasing out implicit fuel subsidies while strengthening social safety nets to mitigate the impact on the most vulnerable would help reduce the poverty gap and free up additional fiscal space.Central Bank target, Directors generally considered that a tight monetary policy stance is appropriate.
They don start again! IMF should keep their suggestions in their pocket! We are better without them!
IMF go jump down a cesspool,if one doesn't contain you go jump down two
IMF should if they can find their way there, hell! We don't need their endorsement.
They don start again! IMF should keep their suggestions in their pocket! We are better without them!
IMF jealousy
Double mouth
In their bid to keep impoverishing us in Africa, these demagogues are constantly seeking ways to exploiting our purchasing power to enhance their markets. AFRICAARISE
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global economy in delicate moment — IMF - Vanguard News NigeriaThe global economy is in a delicate moment, with 70 per cent of the nations expected to experience a slowdown in growth this year.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
INSIGHT: IMF expresses confidence in Nigeria’s economy - Vanguard News NigeriaThe International Monetary Fund (IMF) has expressed a renewed confidence in the Nigerian economy, as its Executive Directors welcomed Nigeria’s ongoing economic recovery, accompanied by reduced inflation and strengthened reserve buffers.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Nigeria’s Economy Is Recovering, Needs Strengthened Domestic Revenue Mobilization – IMF – Channels TelevisionIMF kill us. Ipob Igbos won't like this. They prefer to be the most miserable in the world. They forbid hearing positive indices, only negative ones.
Source: channelstv - 🏆 7. / 63 Read more »
IMF: Nigeria’s Tight Monetary Policy Stance Appropriate - THISDAYLIVEBy Obinna Chima The International Monetary Fund (IMF) has endorsed the Central Bank of Nigeria’s restrictive monetary policy, saying it is appropriate for the Nigerian economy at this time. The fund stated this in their Article IV on Nigeria released on Wednesday. “With inflation still above the central bank target, Directors generally considered that a …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
Lagarde: Global Economy Has Lost Momentum Since January - THISDAYLIVEGlobal growth has lost momentum since the start of the year, leaving the world economy in a “precarious” position, the Managing Director of the International Monetary Fund (IMF), Christine Lagarde said yesterday. The global economy has weakened since the IMF last updated its forecast in late January, though a recession isn’t likely in the near … And Brexit is loading to add to the woes. Woh, 2dy is not Nigeria,it is global. Hahaha IMF is not making money, countries r getting wiser.
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
VAT: MAN urges FG to harmonize taxes, levies to attract more investment - Vanguard News NigeriaThe Manufacturers Association of Nigeria, MAN, yesterday, advised the Federal Government to harmonize taxes/levies/fees payable by businesses in the country so as to attract more investments that would translate to higher productivity and more tax revenue for the government in the medium and long term.
Source: vanguardngrnews - 🏆 5. / 75 Read more »