The International Monetary Fund (IMF) has commended Nigeria’s ongoing fiscal reforms and urged the country to adopt smarter spending strategies alongside stronger tax systems to sustain economic stability. Davide Furceri, Division Chief, Fiscal Affairs Department at the IMF, made this known during a news conference on the Fiscal Monitor held on Wednesday in Washington D.C.,…
The International Monetary Fund (IMF) has warned that global public debt is on course to exceed 100 per cent of world GDP by 2029 — a level not seen since the aftermath of the Second World War. Presenting the latest Fiscal Monitor in Washington on Wednesday, IMF Fiscal Affairs Director Vitor Gaspar cautioned that debt…
The International Monetary Fund (IMF) has forecast a slowdown in global economic growth from 3.3% in 2024 to 3.2% in 2025 and 3.1% in 2026, warning that rising protectionism and policy uncertainty could weigh on recovery. Presenting the IMF’s October World Economic Outlook in Washington on Tuesday, Tobias Adrian, the Fund’s Financial Counsellor, said advanced…
The Presidency has announced that Central Bank Governor, Mr. Olayemi Cardoso, will lead Nigeria’s delegation to the 2025 Annual Meetings of the World Bank and the International Monetary Fund (IMF) in Washington D.C., following the unavailability of the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun. In a statement issued on…
The International Monetary Fund (IMF) has warned that the full impact of U.S. tariff policies will only become evident over time, with potential consequences for inflation, monetary policy, and global growth. IMF Managing Director, Kristalina Georgieva, told reporters on Wednesday that American companies could pass higher import costs to consumers, fuelling inflation. She cautioned that…
The International Monetary Fund (IMF) has projected global economic growth at 3.0 per cent in 2025 and 3.1 per cent in 2026, as significant policy changes continue to shape the global economic landscape. This is contained in the IMF’s July 2025 World Economic Outlook (WEO) Update, titled “Global Economy: Tenuous Resilience amid Persistent Uncertainty”, released…
The International Monetary Fund (IMF) has commended the Central Bank of Nigeria (CBN) over its monetary policy reforms, which are significantly contributing to the nation’s economic recovery. IMF gave the commendation was its 2025 Article IV Consultation report on Nigeria. The fund commended the Federal Government for bold and politically difficult policies that had improved…
A chieftain of the APC in Bauchi State, Alhaji Sani Al-Amin, has lauded President Bola Tinubu for his decisive financial restructuring reforms that had cleared Nigeria’s long-standing International Monetary Fund (IMF) legacy debt. Al-Amin made the commendation in an interview with the News Agency of Nigeria (NAN) on Monday in Bauchi. He described it as…
The International Monetary Fund (IMF) has projected that global growth will decline to 2.8 per cent in 2025, as significant policy shifts continue to unfold across the world. This projection is contained in the IMF’s latest World Economic Outlook (WEO) Update for April 2025, titled “A Critical Juncture Amid Policy Shifts”, released on Tuesday. According…
The International Monetary Fund (IMF) on Tuesday lowered its global economic growth forecast for 2025 to 2.8 per cent. Predicting the wave of tariffs and uncertainty unleashed by U.S. President Donald Trump will lead to a worldwide economic slowdown. The IMF revised its projection of 3.3 per cent forecast in January. Global growth for 2026…
