The chairman of BUA Group, Abdulsamad Rabiu, has commended the economic reforms of President Bola Tinubu, saying, it’s a difficult step taken in the right direction. Mr Rabiu made this point on Friday when he visited the president in Lagos. Nigeria is witnessing its worst cost-of-living crisis in a generation, caused by the removal of … Read more
The International Monetary Fund (IMF) has said the growth forecast in Sub-Saharan Africa has been revised downward by 0.2 percentage points for 2024 and upward by 0.1 percentage points for 2025. The revision reflects slower growth in Nigeria, amid weaker-than-expected activity in the first half of the year, the fund said on Tuesday at the … Read more
Gurez (Jammu and Kashmir): Defence Minister Rajnath Singh on Sunday said that the assembly elections in Jammu and Kashmir is not just any ordinary election, but it is a demonstration of India’s democracy and its strength. Addressing a public rally in Gurez at Bandipore area today, Rajnath Singh asserted that if there had been a … Read more
The International Monetary Fund (IMF) says achieving Nigeria’s projected 3.1 per cent economic growth outlook for 2024 is dependent on implementing stronger reforms. Christian Ebeke, IMF Resident Representative, said this on Tuesday at the Lagos Chamber of Commerce and Industry (LCCI) International Business Conference and Expo 2024, which has the theme “Invest Nigeria.” Mr Ebeke … Read more
Union Finance Minister Nirmala Sitharaman with Deputy Managing Director of the International Monetary Fund Gita Gopinath, during a meeting, in New Delhi- PTI New Delhi: India is open to exploring more ways to increase its collaboration with the International Monetary Fund (IMF), Finance Minister Nirmala Sitharaman said during a meeting with IMF’s First Deputy Managing … Read more
Ethiopia’s currency plunged by 30% after the central bank sought an IMF bailout. | Photo Credit: AFP Cash-strapped ased foreign exchange curbs on Monday as part of a broad economic reform package as the International Monetary Fund approved a loan to the Horn of Africa nation seeking a multibillion-dollar bailout. The value of the local … Read more
China needs to provide “clear direction and an anchor” during the upcoming third plenum to revive market confidence, while a market mechanism and structural reforms are also required, a senior China economist said ahead of this month’s key conclave. “We’re hopeful that the [upcoming third plenum] document will speak to some of the issues … … Read more
Argentina’s president Javier Milei has vowed to get inflation back down AFP The IMF executive board voted Thursday to approve a payout of almost $800 million for Argentina as it continues a program of drastic economic reforms under its libertarian president, Javier Milei. A self-declared “anarcho-capitalist,” Milei has vowed to halt Argentina’s economic decline and … Read more
Melinda French Gates said on Monday she is stepping down as co-chair of the Bill & Melinda Gates Foundation. Her last day of work at the foundation will be June 7, according to a post on X. Billionaire benefactors Bill and Melinda Gates, co-founders of one of the world’s largest private charitable foundations, filed for … Read more
ISLAMABAD: The disbursement of US$1.1 billion by the International Monetary Fund (IMF) will help Pakistan achieve greater economic stability, Prime Minister Shehbaz Sharif said on Tuesday (Apr 30), amid discussions for a new loan programme. The funding was the second and final tranche of Pakistan’s US$3 billion standby arrangement with the IMF which it secured last … Read more
