The International Monetary Fund (IMF) and World Bank (WB) are negotiating a possible $4b emergency loan for oil exporting country, Azerbaijan, helping it to cope with mounting currency and budget pressures due to a st...
International Monetary Fund (IMF) Chief, Christine Lagarde, has arrived to Abuja for a four-day visit to open talks with policy makers and top officials from Nigeria and Cameroon on economic developments affecting bot...
The decline in oil prices has increased the importance of reforms to switch the focus of growth from the public sector to the private sector in Saudi Arabia, said Christine Lagarde, managing director of the IMF. Lagar...
The IMF expects oil prices to average $52 a barrel in 2015, down from $110 a barrel in the first half of 2014, reported Gulf News. The latest IMF regional economic outlook added that banking and Financial services ind...
David Robinson, the IMF vice-director, has called on the African nations to adopt a package of policies to better ride out the ill-effects of the collapse of oil prices, reported NAIJ.com. These policies include budge...
Bloomberg has cited anonymous but well placed sources that Saudi Arabia is working with advisers on a review of the country’s capital spending plans to save money. They also said the Saudi regime may even delay or shr...
Strong economic growth in Mozambique is supported by major investments in the coal mining and natural gas sectors but stricter control over state-run firms is necessary, the International Monetary Fund said on Thursda...
Saudi Arabia is likely to bridge its widening fiscal gap by resorting to domestic borrowing in the near future, according to economists and the International Monetary Fund (IMF). The country is expected to face a larg...
Lower oil prices will reduce growth in sub-Saharan Africa’s major petroleum producing countries and push governments to implement significant policy adjustments, the International Monetary Fund said on Tuesday. ...
The International Monetary Fund cut its economic growth forecast for sub-Saharan Africa this year by 1.25 percentage points as plunging oil prices force exporters to curb spending plans. Gross domestic product is esti...