Nigeria’s low tax revenue to GDP is problematic, says IMF The International Monetary Fund (IMF) says Nigeria’s low tax revenue-to-gross domestic product (GDP) ratio is “problematic”. Abebe Aemro Selassie, IMF’s director of the African department, spoke at a news conference on Friday, focusing on the firm’s regional economic[Read More…]
Nigeria facing worsening economic crisis, says IMF The International Monetary Fund has said stalled per-capita growth, poverty and high food insecurity have exacerbated the ongoing cost-of-living crisis in Nigeria. IMF disclosed this in a recent report titled: “IMF Executive Board Concludes Post Financing Assessment with Nigeria,” noting that Nigeria is[Read More…]
IMF seeks stronger crypto regulation The Managing Director, International Monetary Fund, Kristalina Georgieva has stressed the need for comprehensive regulation in the cryptocurrency space to safeguard global financial stability. Speaking at a digital currency conference in Seoul, on Thursday, Georgieva highlighted the potential threat posed by widespread crypto adoption, citing[Read More…]
IMF says Nigeria not Generating Enough Revenue to Support Developmental Needs International Monetary Fund has said that Nigeria is not earning enough revenue to support its developmental needs. IMF explained that the country’s nine per cent revenue to Gross Domestic Product ratio is very low and not enough to[Read More…]
IMF Sees Interest Rates Remaining High For ‘Quite Some Time’ says Gopinath Emerging markets will face a more volatile and uncertain future, and must rebuild fiscal buffers, boost revenues, diversify trade and gird for trillions of dollars in annual climate change costs, the International Monetary Fund (IMF), has said. Gita[Read More…]
The International Monetary Fund (IMF) has advised central banks in Europe to sustain interest rate hike until inflation is defeated. In a report entitled: Working in Concert to Defeat Inflation, Director, European Department, IMF, Alfred Kammer said policymakers were facing a multifaceted challenge: to defeat inflation, while safeguarding financial stability[Read More…]
The International Monetary Fund (IMF) has expressed disappointment over the rather slow adoption of Nigeria’s digital currency, eNaira, stressing that it leaves nothing to cheer about. According to The Nation, IMF disclosed in a report titled, “Nigeria’s eNaira, One Year After,” dated May 2023 and obtained at the weekend,[Read More…]
The International Monetary Fund (IMF), Managing Director, Kristalina Georgieva, over the weekend call in response to expectations of global growth over the next five years to languish at the slowest pace for more than three decades. In her speech ahead of the Spring Meetings, Georgieva said countries should fight inflation[Read More…]
