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Money

IMF Backs Tax Increments To Save Africa From Debt Distress

The International Monetary Fund (IMF) has backed African governments to use tax increments as a means of raising more revenue in order to...

World

IMF Urges Further Action to Secure a Resilient Recovery

Kristalina Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva has issued the following statement today at the conclusion of the...

Africa

IMF Projects Recession For Sub-Saharan Africa In 2020

Sub-Saharan Africa’s gross domestic product is expected to contract 1.6 per cent this year, compared with 3.1 per cent growth in 2019, as...

World

IMF Managing Director Kristalina Georgieva Proposes the Appointment of Geoffrey Okamoto as First Deputy Managing Director

March 12, 2020/IMF Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), today proposed the appointment of Geoffrey Okamoto as First Deputy...

World

Coronavirus: IMF, World Bank to support member countries

The International Monetary Fund (IMF) says it is working closely with its development partners—World Bank, World Health Organisation, and Asian Development Bank—and other...

News

Coronavirus forces IMF, World Bank switch to virtual Spring Meetings

The International Monetary Fund and the World Bank, citing growing concerns about the fast-spreading coronavirus, on Tuesday said they will adopt a “virtual...

Economy

IMF Says Pace of Nigeria’s Economic Recovery Slow

February 18, 2020/IMF Growth is still recovering, inflation is increasing, and external vulnerabilities are rising. Fiscal reform momentum and recent tightening of monetary...

Economy

IMF Calls For Increase In Taxe

The International Monetary Fund (IMF) has strongly advised government to consider increasing some existing taxes and re-introduce others government branded as ‘nuisance’ and...

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