U.S Treasury Secretary backs proposal to double IMF’s crisis fund
U.S. Treasury Secretary Steven Mnuchin U.S. Treasury Secretary Steven Mnuchin on Friday said he welcomes a proposal to double the size of the International Monetary Fund’s $250 billion crisis…
FG to produce a more comprehensive debt database – Minister
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Thursday said there were debts owed by states and government enterprises that had not been captured. Ahmed made…
Facebook executive confident Libra will win enough financial backers
Facebook Inc, whose digital currency project Libra has been abandoned by several high-profile partners including PayPal, Visa and Mastercard, still expects to get 100 banks and financial firms on board…
Libra crypto currency not out to replace existing money – project head
The Facebook-conceived Libra crypto currency, to be launched by a Geneva-based association next year, is not intended to replace existing currencies, Libra Association Managing Director Bertrand Perez said on Friday….
Georgieva takes over from Largarde, becomes first IMF chief from emerging economy
Bulgarian economist Kristalina Georgieva was confirmed on Wednesday as managing director of the International Monetary Fund, becoming the first head of the $1 trillion-asset global lender from an emerging market…
Pope, ending Mozambique visit slams corrupt leaders
Pope Francis, ending his visit to Mozambique, on Friday scolded political and business leaders in the resource-rich but poor East African country who allow themselves to be corrupted by outsiders….
Sudan needs up to $10 billion in aid to rebuild economy after political turmoil – New PM
Sudan needs $8 billion in foreign aid over the next two years to cover its import bill and help rebuild its ravaged economy after months of political turmoil, its new…
Replacing Lagarde: There’s a strong urge among European countries to come with one candidate, official says
The EU wants to have an agreed European candidate to replace Christine Lagarde at the helm of the International Monetary Fund (IMF), a senior EU official on Monday said….
Lagarde becomes new Head of ECB after marathon summit by EU leaders
European Union leaders agreed on Tuesday to name France’s Christine Lagarde as the new head of the European Central Bank and sealed a deal on filling the EU’s other top…
IMF raises concern over giant tech firms’ dominance in mobile payments
International Monetary Fund, IMF, Managing Director, Christine Lagarde has warned that the increasing presence of technology giants using big data and artificial intelligence could cause a significant disruption to the…