Home Tag "IMF"

Nigerians Saving Up Wealth In Foreign Currencies

Nigerians have been accumulating foreign currencies in a bid to protect their savings, and wealth from the negative impact of naira volatility, a recent research paper published by the Central Bank of Nigeria indicates. According to the bank’s economists including Isaiah Ajibola, Sylvanus Udoette, Rabiu Muhammad and John Anigwe, higher real-exchange rate volatility is associated […]

Continued Lack Of Access To Vaccine will reduce Africa’s Economic Growth Compared To Rest Of World – IMF

The International Monetary Fund (IMF) has stated that a continued lack of access to vaccines will see Africa’s projected growth at 3.4% compared to the rest of the world at 6%. The IMF disclosed this in its Regional Economic Outlook for Sub-Saharan Africa, April 2021, which was published on Thursday. READ ALSO: Covid To Pushing 30 million […]

Covid To Pushing 30 million Africans Into Poverty – IMF

The International Monetary Fund (IMF) has warned that more than 30 million people in sub-Saharan Africa are being pushed into poverty by the economic impact of the coronavirus pandemic. It has called on wealthier nations to help African countries get better access to vaccines. The IMF estimates that some African countries – aiming to vaccinate […]

IMF Lending During the Pandemic and Beyond

By Robert Gregory, Huidan Lin, and Martin Mühleisen In the face of unprecedented uncertainty and the severe economic impact triggered by COVID-19, the Fund continues to adapt its lending. At the same time, it aims to ensure realistic targets, uphold the credibility of programs, and foster national ownership. To date, the Fund has provided financial assistance, mainly through […]

Cryptocurrencies hit dead end

The much talk about and profitable trading in cryptocurrencies has met dead end as Reserve Bank of Zimbabwe stopped local banks from trading or processing their payments. The apex bank Governor, Mr. John Mangudya, said on Monday in Harare that the central bank had not licensed anyone to trade in cryptocurrencies and that dealers and […]

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