COVID-19: Stronger international support needed for Africa to recover from crisis -IMF, African Caucus chair
Africa needs carefully-calibrated domestic policies and stronger support from the international community to recover from the COVID-19 crisis and return to its path of stronger growth, the head of the…
Increase debt suspension arrangements to offer low-income, middle-income countries fiscal space – Heads of state
Several heads of state and government, the United Nations and heads of multilateral development finance institutions on Monday called for expansion of the Debt Service Suspension Initiative, under which low-income…
FEC approves new debt management strategy 2020 – 2023 –DMO
The Federal Executive Council (FEC) has, at its meeting on Wednesday, approved a new Medium Term Debt Management Strategy (MTDS) for Nigeria, for the period 2020-2023, according to the official…
COVID-19: African finance ministers call for additional $500bn
African finance ministers have called for 500 billion U.S. dollars in Special Drawing Right (SDR) and an extension in the Debt Service Suspension Initiative (DSSI) to respond to the COVID-19…
RE-INVENTING THE ECONOMY FOR SUSTAINABILITY, BY ARIZE NWOBU
Nigeria is an emerging market, middle income and mixed economy, and is ranked the 27th largest economy in the world. It has the largest natural gas economy in Africa and…
Lack Of Cooperation Hinders China’s Debt Relief To Africa
China last month joined other members of the G20 in agreeing to suspend interest payments on all loans owed by dozens of low-income countries, in a bid to ease pressure…
Covid-19: Global economy to contract by 4.4%, recovery slow, says IMF
Global economic recovery is going to be slow as long as the COVID-19 pandemic continues uncontrolled, International Monetary Fund (IMF) Chief Economist Gita Gopinath has said. She has, therefore, called…
Financing in COVID-19 era: Nigeria wants IMF’s unused reserved assets applied to supplement member-countries’ foreign reserves
In an effort to address urgent financing needs and advance sustainable development of countries in the era of COVID-19 and beyond, President Muhammadu Buhari has called for the reallocation of…
FG welcomes int’l community’s support for NESP, COVID-19 response
As the Federal Government kick starts the implementation of the National Economic Sustainability Plan (NESP), a move from the international community to support the successful execution of programmes encapsulated in…
IMF forecasts Sub-Saharan Africa’s GDP expected to shrink by 3.2%Â
Sub-Saharan Africa’s gross domestic product is expected to shrink by 3.2% this year due to the impact of the COVID-19 pandemic, the International Monetary Fund said on Wednesday, more…