IMF – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Thu, 22 Jan 2026 09:04:57 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png IMF – InfoStride News https://www.theinfostride.com 32 32 IMF Confirms Nigeria’s Full Repayment of $3.4 Billion COVID-19 Loan https://www.theinfostride.com/imf-confirms-nigerias-full-repayment-of-3-4-billion-covid-19-loan/ https://www.theinfostride.com/imf-confirms-nigerias-full-repayment-of-3-4-billion-covid-19-loan/#respond Mon, 12 Jan 2026 22:49:17 +0000 https://www.theinfostride.com/?p=410285 The International Monetary Fund (IMF) has confirmed that Nigeria has fully repaid the $3.4 billion emergency loan it received in April 2020 to mitigate the economic impact of the COVID-19 pandemic. The repayment was completed as of April 30, 2025, according to Christian Ebeke, the IMF’s resident representative in Nigeria. Background of the Loan In [...]

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]]> https://www.theinfostride.com/imf-confirms-nigerias-full-repayment-of-3-4-billion-covid-19-loan/feed/ 0 IMF Urges Governments to Enhance Transparency to Reduce Borrowing Costs https://www.theinfostride.com/imf-urges-governments-to-enhance-transparency-to-reduce-borrowing-costs/ https://www.theinfostride.com/imf-urges-governments-to-enhance-transparency-to-reduce-borrowing-costs/#respond Thu, 25 Dec 2025 09:52:54 +0000 https://www.theinfostride.com/?p=466019 The International Monetary Fund (IMF) has called on governments worldwide, including Nigeria, to improve fiscal transparency and strengthen governance structures as a means of reducing borrowing costs and sustaining investor confidence. According to the global financial institution, countries with higher levels of transparency and accountability tend to enjoy lower debt-servicing costs and greater access to [...]

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]]> https://www.theinfostride.com/imf-urges-governments-to-enhance-transparency-to-reduce-borrowing-costs/feed/ 0 IMF Urges Nigeria and Other Developing Nations to Embrace Blended Finance for Sustainable Growth https://www.theinfostride.com/imf-urges-nigeria-and-other-developing-nations-to-embrace-blended-finance-for-sustainable-growth/ https://www.theinfostride.com/imf-urges-nigeria-and-other-developing-nations-to-embrace-blended-finance-for-sustainable-growth/#respond Sun, 19 Oct 2025 19:08:42 +0000 https://www.theinfostride.com/?p=469470 The International Monetary Fund (IMF) has called on Nigeria and other developing countries to expand the use of blended finance mechanisms as a means of driving sustainable economic growth, bridging infrastructure gaps, and tackling climate change challenges. The global financial institution said the approach could unlock vast private sector capital to complement limited public resources [...]

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]]> https://www.theinfostride.com/imf-urges-nigeria-and-other-developing-nations-to-embrace-blended-finance-for-sustainable-growth/feed/ 0 IMF Cautions Nigeria Over Rising Dependence on Domestic Borrowing https://www.theinfostride.com/imf-cautions-nigeria-over-rising-dependence-on-domestic-borrowing/ https://www.theinfostride.com/imf-cautions-nigeria-over-rising-dependence-on-domestic-borrowing/#respond Sat, 18 Oct 2025 18:20:44 +0000 https://www.theinfostride.com/?p=469416 The International Monetary Fund (IMF) has warned Nigeria against its growing reliance on domestic borrowing to finance fiscal deficits, cautioning that the trend could crowd out private sector investment, drive up interest rates, and hinder long-term economic growth.In its latest country assessment report, the IMF observed that while domestic borrowing remains a viable short-term financing [...]

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]]> https://www.theinfostride.com/imf-cautions-nigeria-over-rising-dependence-on-domestic-borrowing/feed/ 0 IMF Urges Nigeria, Other Developing Nations to Embrace Blended Finance for Sustainable Growth https://www.theinfostride.com/imf-urges-nigeria-other-developing-nations-to-embrace-blended-finance-for-sustainable-growth/ https://www.theinfostride.com/imf-urges-nigeria-other-developing-nations-to-embrace-blended-finance-for-sustainable-growth/#respond Sat, 18 Oct 2025 17:56:06 +0000 https://www.theinfostride.com/?p=469403 The International Monetary Fund (IMF) has called on Nigeria and other emerging economies to adopt blended finance models as a strategic tool to drive sustainable development, strengthen climate resilience, and bridge the financing gap in critical sectors such as energy, infrastructure, and agriculture.In its latest policy briefing released this week, the IMF noted that many [...]

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]]> https://www.theinfostride.com/imf-urges-nigeria-other-developing-nations-to-embrace-blended-finance-for-sustainable-growth/feed/ 0 Nigeria Missing as IMF Lists Africa’s Fastest-Growing Economies https://www.theinfostride.com/nigeria-missing-as-imf-lists-africas-fastest-growing-economies/ https://www.theinfostride.com/nigeria-missing-as-imf-lists-africas-fastest-growing-economies/#respond Fri, 17 Oct 2025 16:40:41 +0000 https://www.theinfostride.com/?p=469310 The International Monetary Fund (IMF) has released its latest economic outlook for Africa, highlighting several countries that are projected to record strong growth in 2025 — but notably, Nigeria, the continent’s largest economy, is missing from the list. The omission has sparked fresh conversations among analysts about the structural challenges weighing on Nigeria’s economic performance [...]

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]]> https://www.theinfostride.com/nigeria-missing-as-imf-lists-africas-fastest-growing-economies/feed/ 0 IMF Upgrades Nigeria’s Growth Outlook on Stronger Oil Performance and Trade Resilience https://www.theinfostride.com/imf-upgrades-nigerias-growth-outlook-on-stronger-oil-performance-and-trade-resilience/ https://www.theinfostride.com/imf-upgrades-nigerias-growth-outlook-on-stronger-oil-performance-and-trade-resilience/#respond Wed, 15 Oct 2025 17:28:06 +0000 https://www.theinfostride.com/?p=469159 The International Monetary Fund (IMF) has revised Nigeria’s economic growth forecast upward for 2025, citing stronger oil production, resilient trade activity, and improved macroeconomic stability as key factors driving optimism. According to the Fund’s latest assessment, Nigeria’s gross domestic product (GDP) is projected to grow by 3.9 percent in 2025, compared to earlier estimates of [...]

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]]> https://www.theinfostride.com/imf-upgrades-nigerias-growth-outlook-on-stronger-oil-performance-and-trade-resilience/feed/ 0 Nigeria Suffers Economic Downturn as GDP Per Capita Falls 72% – IMF https://www.theinfostride.com/nigeria-suffers-economic-downturn-as-gdp-per-capita-falls-72-imf/ https://www.theinfostride.com/nigeria-suffers-economic-downturn-as-gdp-per-capita-falls-72-imf/#respond Wed, 23 Jul 2025 22:00:41 +0000 https://www.theinfostride.com/?p=403228 Nigeria is facing a severe economic downturn as its GDP per capita has declined by 72%, according to the International Monetary Fund (IMF). The report highlights worsening economic conditions driven by inflation, currency depreciation, and slow economic growth, which have significantly reduced the purchasing power of citizens. The IMF attributes the decline to structural weaknesses, [...]

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]]> https://www.theinfostride.com/nigeria-suffers-economic-downturn-as-gdp-per-capita-falls-72-imf/feed/ 0 Nigeria’s GDP Per Capita Lowers to $835 – IMF https://www.theinfostride.com/nigerias-gdp-per-capita-lowers-to-835-imf/ https://www.theinfostride.com/nigerias-gdp-per-capita-lowers-to-835-imf/#respond Wed, 23 Jul 2025 22:00:03 +0000 https://www.theinfostride.com/?p=402692 Nigeria’s Gross Domestic Product (GDP) per capita has declined to $835, according to the latest report from the International Monetary Fund (IMF). The drop highlights growing economic challenges in Africa’s largest economy, with inflation, currency depreciation, and sluggish growth taking a toll on living standards. The decline in GDP per capita—a key measure of economic [...]

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]]> https://www.theinfostride.com/nigerias-gdp-per-capita-lowers-to-835-imf/feed/ 0 IMF warns of 0.5% GDP revenue loss for Nigeria https://www.theinfostride.com/imf-warns-of-0-5-gdp-revenue-loss-for-nigeria/ https://www.theinfostride.com/imf-warns-of-0-5-gdp-revenue-loss-for-nigeria/#respond Tue, 15 Jul 2025 10:04:16 +0000 https://www.theinfostride.com/?p=462069 Nigeria could suffer a significant blow to its fiscal stability, as the International Monetary Fund (IMF) has projected a potential revenue loss amounting to 0.5 percent of the country’s Gross Domestic Product (GDP). The warning comes in the wake of Nigeria’s decision to delay the implementation of critical tax reforms, including a proposed increase in [...]

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]]> https://www.theinfostride.com/imf-warns-of-0-5-gdp-revenue-loss-for-nigeria/feed/ 0 Nigeria’s Debt Profile Needs Immediate Action, Analysts Counter IMF https://www.theinfostride.com/nigerias-debt-profile-needs-immediate-action-analysts-counter-imf/ https://www.theinfostride.com/nigerias-debt-profile-needs-immediate-action-analysts-counter-imf/#respond Wed, 12 Mar 2025 12:50:46 +0000 https://www.theinfostride.com/?p=405132 Economic analysts have raised concerns over Nigeria’s rising debt burden, calling for immediate fiscal reforms to prevent long-term economic instability. Their warnings come in response to recent comments from the International Monetary Fund (IMF), which suggested that Nigeria’s debt level remains sustainable despite its rapid growth. Analysts, however, argue that without urgent intervention, the country [...]

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]]> https://www.theinfostride.com/nigerias-debt-profile-needs-immediate-action-analysts-counter-imf/feed/ 0 Nigeria Repays $1.22bn to IMF Within Nine Months https://www.theinfostride.com/nigeria-repays-1-22bn-to-imf-within-nine-months/ https://www.theinfostride.com/nigeria-repays-1-22bn-to-imf-within-nine-months/#respond Sun, 15 Dec 2024 22:21:42 +0000 https://www.theinfostride.com/?p=397749 A recent report has revealed that Nigeria has repaid $1.22 billion to the International Monetary Fund (IMF) over the past nine months as part of its obligations following the financial assistance received during the COVID-19 pandemic. This repayment underscores the country’s commitment to meeting its international debt obligations despite ongoing economic challenges. Background of the [...]

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]]> https://www.theinfostride.com/nigeria-repays-1-22bn-to-imf-within-nine-months/feed/ 0 AI’s Economic Potential Hinges on Reliable, Actionable Data, Says IMF https://www.theinfostride.com/ais-economic-potential-hinges-on-reliable-actionable-data-says-imf/ https://www.theinfostride.com/ais-economic-potential-hinges-on-reliable-actionable-data-says-imf/#respond Thu, 21 Nov 2024 07:47:02 +0000 https://www.theinfostride.com/?p=395105 The International Monetary Fund (IMF) has emphasized that the full economic potential of artificial intelligence (AI) can only be realized if reliable and actionable data is made widely available. In a recent report, the IMF outlined the importance of data access and quality in fostering innovation and driving growth through AI technologies, stressing that without [...]

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]]> https://www.theinfostride.com/ais-economic-potential-hinges-on-reliable-actionable-data-says-imf/feed/ 0 IMF Calls for Increased Global Funding for Sub-Saharan Africa https://www.theinfostride.com/imf-calls-for-increased-global-funding-for-sub-saharan-africa/ https://www.theinfostride.com/imf-calls-for-increased-global-funding-for-sub-saharan-africa/#respond Fri, 15 Nov 2024 15:42:53 +0000 https://www.theinfostride.com/?p=394259 The International Monetary Fund (IMF) has emphasized the urgent need for substantial global financial support to address the economic challenges facing Sub-Saharan Africa. The call highlights the region’s struggle with economic recovery, debt sustainability, and the adverse impacts of global financial tightening. A Region in Crisis Sub-Saharan Africa continues to grapple with the lingering effects [...]

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]]> https://www.theinfostride.com/imf-calls-for-increased-global-funding-for-sub-saharan-africa/feed/ 0 Debt Servicing Poses Hurdle to Nigeria’s Socioeconomic Growth, Says IMF https://www.theinfostride.com/debt-servicing-poses-hurdle-to-nigerias-socioeconomic-growth-says-imf/ https://www.theinfostride.com/debt-servicing-poses-hurdle-to-nigerias-socioeconomic-growth-says-imf/#respond Fri, 25 Oct 2024 19:03:48 +0000 https://www.theinfostride.com/?p=391953 The International Monetary Fund (IMF) has expressed concerns over Nigeria’s debt servicing burden, noting its significant impact on the country’s socioeconomic development. In a recent report, the IMF highlighted that Nigeria’s growing debt obligations are diverting funds away from critical development areas such as infrastructure, education, healthcare, and economic diversification. Debt Burden and Fiscal Constraints [...]

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]]> https://www.theinfostride.com/debt-servicing-poses-hurdle-to-nigerias-socioeconomic-growth-says-imf/feed/ 0 IMF Denies Role in Nigeria’s Fuel Subsidy Removal https://www.theinfostride.com/imf-denies-role-in-nigerias-fuel-subsidy-removal/ https://www.theinfostride.com/imf-denies-role-in-nigerias-fuel-subsidy-removal/#respond Fri, 25 Oct 2024 13:00:15 +0000 https://www.theinfostride.com/?p=391975 The International Monetary Fund (IMF) has clarified that it played no part in the removal of fuel subsidies by the administration of President Bola Tinubu. The IMF made the statement during a press conference at the IMF and World Bank Annual Meetings held in Washington, D.C., United States. Abebe Selassie, Director of the IMF’s African [...]

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]]> https://www.theinfostride.com/imf-denies-role-in-nigerias-fuel-subsidy-removal/feed/ 0 IMF Projects Economic Stability Despite Naira Dropping to 1,654.09/$ https://www.theinfostride.com/imf-projects-economic-stability-despite-naira-dropping-to-1654-09/ https://www.theinfostride.com/imf-projects-economic-stability-despite-naira-dropping-to-1654-09/#respond Thu, 24 Oct 2024 18:39:15 +0000 https://www.theinfostride.com/?p=391860 The International Monetary Fund (IMF) has projected that Nigeria’s economy could experience relative stability despite the sharp depreciation of the naira, which recently fell to 1,654.09/$ in the parallel market. This drop reflects ongoing challenges in the country’s foreign exchange (forex) management, inflationary pressures, and a tightening global economic environment. Naira Depreciation and Its Drivers [...]

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]]> https://www.theinfostride.com/imf-projects-economic-stability-despite-naira-dropping-to-1654-09/feed/ 0 IMF Projects Stability Despite Naira Depreciation to 1,654.09/$ https://www.theinfostride.com/imf-projects-stability-despite-naira-depreciation-to-1654-09/ https://www.theinfostride.com/imf-projects-stability-despite-naira-depreciation-to-1654-09/#respond Thu, 24 Oct 2024 10:21:25 +0000 https://www.theinfostride.com/?p=391834 The International Monetary Fund (IMF) has projected economic stability for Nigeria despite the ongoing depreciation of the naira, which recently dropped to 1,654.09 per US dollar in the parallel market. The IMF’s stance comes amid rising concerns about the country’s currency devaluation and its broader economic implications. However, the institution maintains that with proper policy [...]

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]]> https://www.theinfostride.com/imf-projects-stability-despite-naira-depreciation-to-1654-09/feed/ 0 IMF Warns High Global Debt is Weighing on Economic Growth https://www.theinfostride.com/imf-warns-high-global-debt-is-weighing-on-economic-growth/ https://www.theinfostride.com/imf-warns-high-global-debt-is-weighing-on-economic-growth/#respond Sat, 19 Oct 2024 20:00:18 +0000 https://www.theinfostride.com/?p=391499 The International Monetary Fund (IMF) has raised concerns about the growing burden of global debt, highlighting its adverse impact on economic growth and financial stability. In its latest global economic outlook report, the IMF warns that rising levels of debt, both in advanced economies and developing countries, are constraining recovery efforts, exacerbating vulnerabilities, and increasing [...]

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]]> https://www.theinfostride.com/imf-warns-high-global-debt-is-weighing-on-economic-growth/feed/ 0 IMF downgrades Nigeria’s 2024 GDP growth in revised economic outlook https://www.theinfostride.com/imf-downgrades-nigerias-2024-gdp-growth-in-revised-economic-outlook/ https://www.theinfostride.com/imf-downgrades-nigerias-2024-gdp-growth-in-revised-economic-outlook/#respond Wed, 17 Jul 2024 15:36:06 +0000 https://www.theinfostride.com/?p=383635 The International Monetary Fund (IMF) has downgraded Nigeria’s real GDP growth in 2024 from 3.3% in its earlier projection in April to 3.1%. The IMF disclosed this in a recent update to the global economic outlook titled “Global Economy in a Sticky Spot” published on Tuesday. According to the report, the downgrade in the country’s [...]

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]]> https://www.theinfostride.com/imf-downgrades-nigerias-2024-gdp-growth-in-revised-economic-outlook/feed/ 0 IMF says Nigeria, other developing countries lack digital infrastructure for AI https://www.theinfostride.com/imf-says-nigeria-other-developing-countries-lack-digital-infrastructure-for-ai/ https://www.theinfostride.com/imf-says-nigeria-other-developing-countries-lack-digital-infrastructure-for-ai/#respond Thu, 27 Jun 2024 09:46:37 +0000 https://www.theinfostride.com/?p=381582 A new report by the International Monetary Fund (IMF) has revealed that Nigeria and some other developing countries lack digital infrastructure for the deployment of Artificial Intelligence (AI) technology.  This is despite the fact that Nigeria recently unveiled its AI strategy and also launched its first Multilingual Large Language Model (LLM) in April.   IMF disclosed [...]

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]]> https://www.theinfostride.com/imf-says-nigeria-other-developing-countries-lack-digital-infrastructure-for-ai/feed/ 0 Ghana reaches debt restructuring agreement with its $13 billion Eurobond holders https://www.theinfostride.com/ghana-reaches-debt-restructuring-agreement-with-its-13-billion-eurobond-holders/ https://www.theinfostride.com/ghana-reaches-debt-restructuring-agreement-with-its-13-billion-eurobond-holders/#respond Sat, 22 Jun 2024 21:40:13 +0000 https://www.theinfostride.com/?p=381130 Ghana has reached an agreement in principle with its bondholders to restructure its $13 billion Eurobonds. According to sources who spoke with Reuters, bondholders will face up to a 37% haircut on principal, alongside an extension of the bonds’ maturity. This agreement follows the country’s recent finalized deal with the official creditor committee, formalizing a debt [...]

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]]> https://www.theinfostride.com/ghana-reaches-debt-restructuring-agreement-with-its-13-billion-eurobond-holders/feed/ 0 PRP Urges President Tinubu to Reject IMF Economic Policies https://www.theinfostride.com/prp-urges-president-tinubu-to-reject-imf-economic-policies/ https://www.theinfostride.com/prp-urges-president-tinubu-to-reject-imf-economic-policies/#respond Thu, 20 Jun 2024 19:30:30 +0000 https://www.theinfostride.com/?p=381017 The Peoples Redemption Party (PRP) has called on President Bola Tinubu to abandon economic policies prescribed by the International Monetary Fund (IMF), warning that adherence to such policies could lead to economic collapse. In a statement issued on Thursday by its National Chairman, Falalu Bello, the PRP criticized the government’s continued implementation of IMF-induced policies, [...]

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]]> https://www.theinfostride.com/prp-urges-president-tinubu-to-reject-imf-economic-policies/feed/ 0 IMF Advises Caution on UK’s Potential Rate Cut Timing https://www.theinfostride.com/imf-advises-caution-on-uks-potential-rate-cut-timing/ https://www.theinfostride.com/imf-advises-caution-on-uks-potential-rate-cut-timing/#respond Wed, 22 May 2024 00:13:52 +0000 https://www.theinfostride.com/?p=378557 The International Monetary Fund (IMF) on Tuesday advised the Bank of England (BoE) to carefully consider the timing of interest rate cuts to avoid jeopardizing the UK’s recent economic recovery. Economic Growth Forecast and Fiscal Challenges The IMF has upgraded its UK economic growth forecast, but it also highlighted the need for “difficult” fiscal decisions [...]

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]]> https://www.theinfostride.com/imf-advises-caution-on-uks-potential-rate-cut-timing/feed/ 0 IMF: FG Might Need Supplementary Budget for Minimum Wage Payments https://www.theinfostride.com/imf-fg-might-need-supplementary-budget-for-minimum-wage-payments/ https://www.theinfostride.com/imf-fg-might-need-supplementary-budget-for-minimum-wage-payments/#respond Wed, 15 May 2024 21:49:11 +0000 https://www.theinfostride.com/?p=378042 The International Monetary Fund (IMF) has recommended that the Federal Government of Nigeria consider raising a supplementary budget to accommodate the proposed increase in the minimum wage for workers. This suggestion comes in light of ongoing negotiations between Organised Labour and the government regarding the minimum wage, which may surpass the budgeted amount in the [...]

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]]> https://www.theinfostride.com/imf-fg-might-need-supplementary-budget-for-minimum-wage-payments/feed/ 0 IMF sees Nigeria’s inflation dropping to 26.3% this year https://www.theinfostride.com/imf-sees-nigerias-inflation-dropping-to-26-3-this-year/ https://www.theinfostride.com/imf-sees-nigerias-inflation-dropping-to-26-3-this-year/#respond Sat, 20 Apr 2024 05:47:27 +0000 https://www.theinfostride.com/?p=376126 The International Monetary Fund (IMF) says Nigeria’s inflation rate will drop to 26.3% in 2024, noting that the country’s economy will equally grow by 3.3% this year. In its revised Global Economic Outlook for 2024 released on Tuesday, the Bretton Woods institution left the growth prospects for Sub-Sahara Africa (SSA) in 2024 unchanged from its [...]

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]]> https://www.theinfostride.com/imf-sees-nigerias-inflation-dropping-to-26-3-this-year/feed/ 0 Chinese govt writes off interest-free loan given to Zimbabwe https://www.theinfostride.com/chinese-govt-writes-off-interest-free-loan-given-to-zimbabwe/ https://www.theinfostride.com/chinese-govt-writes-off-interest-free-loan-given-to-zimbabwe/#respond Sat, 20 Apr 2024 05:25:35 +0000 https://www.theinfostride.com/?p=376106 China has written off an undisclosed amount of Zimbabwe’s interest-free loans and pledged to help the country navigate its way out of its current debt crisis. But Zimbabwean activists warn of a permanent debt trap.   According to the East African, Zimbabwe’s debt as of September 2023 stood at $17.7 billion, of which $12.7 billion was external [...]

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]]> https://www.theinfostride.com/chinese-govt-writes-off-interest-free-loan-given-to-zimbabwe/feed/ 0 Nigeria to become Africa’s fourth largest economy in 2024 – IMF https://www.theinfostride.com/nigeria-to-become-africas-fourth-largest-economy-in-2024-imf/ https://www.theinfostride.com/nigeria-to-become-africas-fourth-largest-economy-in-2024-imf/#respond Sat, 20 Apr 2024 05:04:14 +0000 https://www.theinfostride.com/?p=376091 Nigeria is projected to slip to the fourth largest economy in Africa in 2024, behind South Africa, Egypt, and Algeria, according to IMF forecasts for April 2024. Nigeria which has held the title of “Africa’s largest economy” since the GDP rebasing in 2013 is projected to have a total GDP of $253 billion in 2024, [...]

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]]> https://www.theinfostride.com/nigeria-to-become-africas-fourth-largest-economy-in-2024-imf/feed/ 0 IMF Chief visits Ghana, says the country must get a fair deal from Eurobond creditors https://www.theinfostride.com/imf-chief-visits-ghana-says-the-country-must-get-a-fair-deal-from-eurobond-creditors/ https://www.theinfostride.com/imf-chief-visits-ghana-says-the-country-must-get-a-fair-deal-from-eurobond-creditors/#respond Sun, 24 Mar 2024 08:15:08 +0000 https://www.theinfostride.com/?p=373891 The head of the International Monetary Fund (IMF), Kristalina Georgieva, paid a visit to Ghana where she stated that the West African country should make sure that debt relief deals it negotiates with its Eurobond creditors do not undermine the country’s effort to recover from its economic crisis. According to Reuters, the IMF boss met with [...]

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]]> https://www.theinfostride.com/imf-chief-visits-ghana-says-the-country-must-get-a-fair-deal-from-eurobond-creditors/feed/ 0 IMF Urges Nigerian Government to Enhance Agricultural Inputs for Increased Food Production https://www.theinfostride.com/imf-urges-nigerian-government-to-enhance-agricultural-inputs-for-increased-food-production/ https://www.theinfostride.com/imf-urges-nigerian-government-to-enhance-agricultural-inputs-for-increased-food-production/#respond Wed, 21 Feb 2024 22:12:20 +0000 https://www.theinfostride.com/?p=371391 In a bid to fortify Nigeria’s food security and bolster the agricultural sector, the International Monetary Fund (IMF) has called upon the Federal Government to prioritize and improve agricultural inputs. Recognizing the pivotal role of enhanced inputs in driving productivity, the IMF emphasizes that strategic investments in this sector will not only elevate food production [...]

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]]> https://www.theinfostride.com/imf-urges-nigerian-government-to-enhance-agricultural-inputs-for-increased-food-production/feed/ 0 IMF Forecasts $8 Billion Fall in Nigeria’s 2024 Foreign Reserves https://www.theinfostride.com/imf-forecasts-8-billion-fall-in-nigerias-2024-foreign-reserves/ https://www.theinfostride.com/imf-forecasts-8-billion-fall-in-nigerias-2024-foreign-reserves/#respond Wed, 14 Feb 2024 23:26:29 +0000 https://www.theinfostride.com/?p=370527 The International Monetary Fund (IMF) has reportedly forecasted an $8 billion decline in Nigeria’s foreign reserves for the year 2024. This projection raises concerns about the country’s economic outlook and the factors influencing its foreign exchange reserves. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the IMF’s analysis, [...]

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]]> https://www.theinfostride.com/imf-forecasts-8-billion-fall-in-nigerias-2024-foreign-reserves/feed/ 0 Ghana Triumphs: Secures $5.4 Billion Debt Restructuring Pact with Creditors https://www.theinfostride.com/ghana-triumphs-secures-5-4-billion-debt-restructuring-pact-with-creditors/ https://www.theinfostride.com/ghana-triumphs-secures-5-4-billion-debt-restructuring-pact-with-creditors/#respond Sat, 13 Jan 2024 20:38:36 +0000 https://www.theinfostride.com/?p=367053 In a significant breakthrough following months of intense negotiations, the Ghanaian government has successfully reached an agreement with the official creditors committee to restructure a substantial $5.4 billion in bilateral loans. This pivotal development is poised to set the stage for a formalization of terms through a memorandum of understanding, with subsequent implementation facilitated by [...]

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]]> https://www.theinfostride.com/ghana-triumphs-secures-5-4-billion-debt-restructuring-pact-with-creditors/feed/ 0 IMF Advocates Tighter Regulations for Cryptocurrencies https://www.theinfostride.com/imf-advocates-tighter-regulations-for-cryptocurrencies/ https://www.theinfostride.com/imf-advocates-tighter-regulations-for-cryptocurrencies/#respond Fri, 15 Dec 2023 11:55:27 +0000 https://www.theinfostride.com/?p=364447 In a recent address at a digital currency conference in Seoul, the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, emphasized the urgent need for comprehensive regulation within the cryptocurrency space. This call to action aims to protect global financial stability in the face of the potential threats posed by the widespread adoption [...]

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]]> https://www.theinfostride.com/imf-advocates-tighter-regulations-for-cryptocurrencies/feed/ 0 IMF Warns: China’s Economic Slowdown Will Hit African Oil Exporters Hard https://www.theinfostride.com/imf-warns-chinas-economic-slowdown-will-hit-african-oil-exporters-hard/ https://www.theinfostride.com/imf-warns-chinas-economic-slowdown-will-hit-african-oil-exporters-hard/#respond Mon, 16 Oct 2023 19:40:04 +0000 https://www.theinfostride.com/?p=357256 The International Monetary Fund (IMF) has pointed out that the economic deceleration in China will have the most significant repercussions on African oil-exporting nations. This slowdown in the Chinese economy is expected to significantly affect the economic prospects of countries in Sub-Saharan Africa, with oil-dependent nations feeling the brunt of the impact. The IMF’s analysis [...]

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]]> https://www.theinfostride.com/imf-warns-chinas-economic-slowdown-will-hit-african-oil-exporters-hard/feed/ 0 IMF Warns: 158 Million Africans Face Food Insecurity https://www.theinfostride.com/imf-warns-158-million-africans-face-food-insecurity/ https://www.theinfostride.com/imf-warns-158-million-africans-face-food-insecurity/#respond Mon, 16 Oct 2023 18:50:08 +0000 https://www.theinfostride.com/?p=357224 In its October 2023 special issue report on Africa, the International Monetary Fund (IMF) has drawn attention to a pressing concern: food insecurity. Within the vast expanse of the African continent, the IMF has highlighted a staggering statistic, revealing that a staggering 158 million people are grappling with food insecurity. This sobering revelation underscores the [...]

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]]> https://www.theinfostride.com/imf-warns-158-million-africans-face-food-insecurity/feed/ 0 Africa must create better opportunities to reduce ‘JAPA’ – IMF https://www.theinfostride.com/africa-must-create-better-opportunities-to-reduce-japa-imf/ https://www.theinfostride.com/africa-must-create-better-opportunities-to-reduce-japa-imf/#respond Sat, 14 Oct 2023 21:56:58 +0000 https://www.theinfostride.com/?p=357077 Mr. Abebe Aemro Selassie, the Director of the African Department at the International Monetary Fund (IMF), has underscored the importance of ensuring that African economies are attractive to mitigate the mass emigration of Africans to other parts of the world. Selassie made these remarks during a press briefing on the Sub-Saharan Africa Regional Economic Outlook. [...]

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]]> https://www.theinfostride.com/africa-must-create-better-opportunities-to-reduce-japa-imf/feed/ 0 IMF Views Nigeria’s N87.3 Trillion Debt as Manageable https://www.theinfostride.com/imf-views-nigerias-n87-3-trillion-debt-as-manageable/ https://www.theinfostride.com/imf-views-nigerias-n87-3-trillion-debt-as-manageable/#respond Sat, 14 Oct 2023 21:33:47 +0000 https://www.theinfostride.com/?p=357070 The International Monetary Fund (IMF) has provided an assessment of Nigeria’s total public debt, which stands at N87.3 trillion ($113.4 billion), suggesting that it is manageable and does not pose immediate risks to the country’s economy. This statement was made by Abebe Selassie, the Director of the IMF African Department, during the presentation of the [...]

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]]> https://www.theinfostride.com/imf-views-nigerias-n87-3-trillion-debt-as-manageable/feed/ 0 IMF Chief Warns Israel-Hamas Conflict Poses Global Economic Threat https://www.theinfostride.com/imf-chief-warns-israel-hamas-conflict-poses-global-economic-threat/ https://www.theinfostride.com/imf-chief-warns-israel-hamas-conflict-poses-global-economic-threat/#respond Thu, 12 Oct 2023 22:14:47 +0000 https://www.theinfostride.com/?p=356862 Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has raised concerns about the escalating conflict between Israel and Palestine, describing it as a new factor casting a shadow over the global economy. She made these comments during a press conference at the ongoing World Bank/IMF summit held in Marakesh, Morocco. Georgieva’s remarks underscore [...]

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]]> https://www.theinfostride.com/imf-chief-warns-israel-hamas-conflict-poses-global-economic-threat/feed/ 0 Tinubu Aims for N1 Trillion GDP in 8 Years with Economic Reforms- CBN Governor https://www.theinfostride.com/tinubu-aims-for-n1-trillion-gdp-in-8-years-with-economic-reforms-cbn-governor/ https://www.theinfostride.com/tinubu-aims-for-n1-trillion-gdp-in-8-years-with-economic-reforms-cbn-governor/#respond Thu, 12 Oct 2023 22:04:21 +0000 https://www.theinfostride.com/?p=356857 Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has unveiled a promising outlook for the economic policies proposed by President Bola Tinubu’s administration. According to Cardoso, these policies have the potential to propel Nigeria’s Gross Domestic Product (GDP) to an impressive $1 trillion within the span of eight years. This proclamation, made [...]

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]]> https://www.theinfostride.com/tinubu-aims-for-n1-trillion-gdp-in-8-years-with-economic-reforms-cbn-governor/feed/ 0 The IMF forecasts a decrease in economic growth for the Sub-Saharan African region https://www.theinfostride.com/the-imf-forecasts-a-decrease-in-economic-growth-for-the-sub-saharan-african-region/ https://www.theinfostride.com/the-imf-forecasts-a-decrease-in-economic-growth-for-the-sub-saharan-african-region/#respond Tue, 10 Oct 2023 20:28:38 +0000 https://www.theinfostride.com/?p=356604 In its latest World Economic Outlook report, the International Monetary Fund (IMF) has reduced its economic growth projections for Sub-Saharan Africa. According to the report, the region’s economic growth is expected to slow for the second consecutive year in 2023 before rebounding in 2024. The IMF’s World Economic Outlook report indicates that the growth in [...]

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]]> https://www.theinfostride.com/the-imf-forecasts-a-decrease-in-economic-growth-for-the-sub-saharan-african-region/feed/ 0 Imran Khan’s Party Trying To Sabotage IMF Deal, Says Pak PM Shehbaz Sharif https://www.theinfostride.com/imran-khans-party-trying-to-sabotage-imf-deal-says-pak-pm-shehbaz-sharif/ https://www.theinfostride.com/imran-khans-party-trying-to-sabotage-imf-deal-says-pak-pm-shehbaz-sharif/#respond Sat, 27 Aug 2022 21:00:55 +0000 https://www.theinfostride.com/?p=331437 Pakistan Prime Minister Shehbaz Sharif on Sunday accused Imran Khan’s Pakistan Tehreek-e-Insaf party of trying to sabotage a deal with the IMF ahead of the Washington-based lender’s crucial board meeting, asserting that self-centred politics will cause huge injustice to the country. The IMF executive board will convene on Monday to decide whether to disburse USD [...]

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]]> https://www.theinfostride.com/imran-khans-party-trying-to-sabotage-imf-deal-says-pak-pm-shehbaz-sharif/feed/ 0 IMF pegs capital outflows from Nigeria, other emerging markets at $50b https://www.theinfostride.com/imf-pegs-capital-outflows-from-nigeria-other-emerging-markets-at-50b/ https://www.theinfostride.com/imf-pegs-capital-outflows-from-nigeria-other-emerging-markets-at-50b/#respond Sat, 06 Aug 2022 16:59:00 +0000 https://www.theinfostride.com/?p=330100 The International Monetary Fund (IMF) estimated the volume of capital that has left emerging markets, including Nigeria, following the ongoing interest rate cycle at $50 billion. It linked the flight, which it described as a slower version of the March 2020 occurrence, to monetary tightening (MT) by central banks of developed countries. Led by the [...]

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]]> https://www.theinfostride.com/imf-pegs-capital-outflows-from-nigeria-other-emerging-markets-at-50b/feed/ 0 IMF says forex premium in the black market limits the benefits of increased exports https://www.theinfostride.com/imf-says-forex-premium-in-the-black-market-limits-the-benefits-of-increased-exports/ https://www.theinfostride.com/imf-says-forex-premium-in-the-black-market-limits-the-benefits-of-increased-exports/#respond Thu, 16 Jun 2022 22:33:24 +0000 https://www.theinfostride.com/?p=326671 The International Monetary Fund (IMF) has stated that improving trade balance is having a limited impact on Foreign Exchange (FX) strains with the exchange rate premiums in the parallel market staying in the 35-40% range since October 2021. This was disclosed in the IMF staff meetings with the Nigerian authorities from June 6-10, 2022, to [...]

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]]> https://www.theinfostride.com/imf-says-forex-premium-in-the-black-market-limits-the-benefits-of-increased-exports/feed/ 0 Dollar breaks N600/$ ceiling ahead of party primaries https://www.theinfostride.com/dollar-breaks-n600-ceiling-ahead-of-party-primaries/ https://www.theinfostride.com/dollar-breaks-n600-ceiling-ahead-of-party-primaries/#respond Wed, 18 May 2022 21:56:24 +0000 https://www.theinfostride.com/?p=325059 Less than two weeks to the presidential primaries of the political parties ahead of the 2023 elections, the US dollar has broken the N600/$ mark at the parallel market and set the tone for a possible uptick in the coming days. The black market rate had traded between N570/$ and N590/$ since the beginning of [...]

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]]> https://www.theinfostride.com/dollar-breaks-n600-ceiling-ahead-of-party-primaries/feed/ 0 New IMF report seeks facility upgrade to reduce port congestion https://www.theinfostride.com/new-imf-report-seeks-facility-upgrade-to-reduce-port-congestion/ https://www.theinfostride.com/new-imf-report-seeks-facility-upgrade-to-reduce-port-congestion/#respond Wed, 30 Mar 2022 20:26:09 +0000 https://www.theinfostride.com/?p=321828 A new report by the International Monetary Fund (IMF) has drawn attention to the severity of port congestion as a drawback to efficient supply chains, saying facility upgrades are necessary to reduce the challenge. The report – ‘Supply Chains and Port Congestion Around the World’ – draws on experiences at ports across 183 countries and [...]

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]]> https://www.theinfostride.com/new-imf-report-seeks-facility-upgrade-to-reduce-port-congestion/feed/ 0 Private sector opportunities are quite visible in Nigeria says American Business Council https://www.theinfostride.com/private-sector-opportunities-are-quite-visible-in-nigeria-says-american-business-council/ https://www.theinfostride.com/private-sector-opportunities-are-quite-visible-in-nigeria-says-american-business-council/#respond Tue, 08 Mar 2022 14:41:02 +0000 https://www.theinfostride.com/?p=319966 The American Business Council has established that it sees positive opportunities for the private sector in Nigeria amid issues of multiplicities of policy challenges. Magaret Olele, the Chief Executive Officer, American Business Council said this during its 2022 economic update titled, “the opportunities and imperative for businesses.” The event, in partnership with KPMG saw experts [...]

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]]> https://www.theinfostride.com/private-sector-opportunities-are-quite-visible-in-nigeria-says-american-business-council/feed/ 0 We have deployed $6.8 billion in emergency support for Nigeria in 2 years – IMF https://www.theinfostride.com/we-have-deployed-6-8-billion-in-emergency-support-for-nigeria-in-2-years-imf/ https://www.theinfostride.com/we-have-deployed-6-8-billion-in-emergency-support-for-nigeria-in-2-years-imf/#respond Tue, 08 Mar 2022 14:28:05 +0000 https://www.theinfostride.com/?p=319963 The International Monetary Fund, IMF, has disclosed that it has deployed a total of $6.8 billion in emergency support for Nigeria to cushion the effect of the pandemic in 2020 and 2021. Ari Aisen, IMF country representative to Nigeria said this at the American Business Council economic update where experts explored opportunities and imperatives for [...]

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]]> https://www.theinfostride.com/we-have-deployed-6-8-billion-in-emergency-support-for-nigeria-in-2-years-imf/feed/ 0 IMF Asks Pakistan To Renegotiate If It Wants Extension In Loan Programme https://www.theinfostride.com/imf-asks-pakistan-to-renegotiate-if-it-wants-extension-in-loan-programme/ https://www.theinfostride.com/imf-asks-pakistan-to-renegotiate-if-it-wants-extension-in-loan-programme/#respond Mon, 10 Jan 2022 21:00:23 +0000 https://www.theinfostride.com/?p=316454 The International Monetary Fund (IMF) has called on Pakistan to come talk and renegotiate the loan programme, if it intends to get the requested three weeks extension to implement prior committed actions. The IMF’s latest demands come in the wake of a request by Pakistan to get a three weeks extension in the process of [...]

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]]> https://www.theinfostride.com/imf-asks-pakistan-to-renegotiate-if-it-wants-extension-in-loan-programme/feed/ 0 Pakistan Cabinet Approves IMF Mandated Supplementary Budget https://www.theinfostride.com/pakistan-cabinet-approves-imf-mandated-supplementary-budget/ https://www.theinfostride.com/pakistan-cabinet-approves-imf-mandated-supplementary-budget/#respond Thu, 30 Dec 2021 18:06:02 +0000 https://www.theinfostride.com/?p=315693 Pakistan’s cabinet on Thursday approved a supplementary budget which plans to end exemptions on sales tax and levy new duties as part of fiscal tightening measures aimed at winning funding from the International Monetary Fund (IMF). The IMF approval is also a pivotal endorsement for Pakistan‘s economy which is struggling with external and current account [...]

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]]> https://www.theinfostride.com/pakistan-cabinet-approves-imf-mandated-supplementary-budget/feed/ 0 IMF Approves Extended Credit Release Of $212m To Congo — Executive Board https://www.theinfostride.com/imf-approves-extended-credit-release-of-212m-to-congo-executive-board/ https://www.theinfostride.com/imf-approves-extended-credit-release-of-212m-to-congo-executive-board/#respond Fri, 17 Dec 2021 15:17:07 +0000 https://www.theinfostride.com/?p=314822 The International Monetary Fund (IMF)’s Executive Board has approved the immediate release of more than $212 million to back up the international reserves of the Democratic Republic of Congo (DRC), formerly Zaire, the fund announced in a press release. “The conclusion of the first review under the ECF [Extended Credit Facility] arrangement enables the immediate [...]

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