Browsing: IMF

The International Monetary Fund has called on Nigerian and other sub-Saharan African countries to increase investment in their young citizens’ education to boost economic growth. In a piece on its website on Thursday, the IMF said demographic transition may be the biggest single opportunity for the economies of sub-Saharan Africa, but countries would only be […]

The Federal Government has announced plans to pin down Ways and Means advances to address the issue of excessive money in the system and fight inflation. The Minister of Finance and Co-ordinating Minister of the Economy, Wale Edun, made this announcement in Washington DC after meeting with investors during the ongoing spring meetings of the […]

A senior IMF official told AFP on Friday that a more profound integration of the European Union's internal market could be essential for improving the sluggish economic growth and productivity levels in the 27-member trading bloc. “We estimated, actually, what you could do just by reform of that single market and integration — and the numbers are startling high,” International […]

The International Monetary Fund has approved the immediate disbursement of $820 million to the Egyptian government as part of a comprehensive plan to support the nation's struggling economy. The IMF's Executive Board has endorsed this payment as part of a $3 billion aid program that was established at the end of 2022. The IMF's decision, which was repeatedly delayed, has been eagerly anticipated by the Egyptian government.