International Monetary Fund
1 May 2020
The International Monetary Fund has warned the world is facing the worst recession since the Great Depression of the 1930s. The global economy has changed dramatically in the past 90 years, so what does a deep recession look like in 2020? Policymakers are doing their best to limit the impact of lockdown measures, but when can a recovery start, and what state will the economy be in a year from now? We speak to Ludovic Subran, Chief Economist at Allianz & Euler Hermes.
15 Apr 2020
The Managing Director of the International Monetary Fund, Kristalina Georgieva says the fund is working hard to respond to Nigeria’s request so that a proposal can be considered by the IMF’s Executive Board as soon as possible. Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed had disclosed that Nigeria had applied to IMF’s Rapid Credit Facility. Kyari Bukar, Former Chairman of the Nigeria Economic Summit Group joins CNBC Africa more.
15 Apr 2020
The global economy is facing its worst recession since the 1930s. That’s according to the International Monetary Fund, which has sharply cut its 2020 forecast because of the coronavirus pandemic and lockdowns. The IMF predicts a 3 percent contraction for the global economy this year - describing "The Great Lockdown" as a crisis "like no other". The Fund has called on governments to take "swift and sizable" action to support the economic recovery.
29 Nov 2019
The International Monetary Fund (IMF) has urged Nigeria to revamp its fiscal consolidation and warned the country of its rising debt. Managing Director and CEO of Kairos Capital, Sam Chidoka joins CNBC Africa to discuss stories making headlines in Nigeria.
13 Oct 2019
International Monetary Fund Chair and Managing Director Kristalina Georgieva speaks in Washington about the outlook for the global economy.
1 May 2019
President Mauricio Macri agreed to cut government spending last year in exchange for a loan from the International Monetary Fund. His popularity has plummeted ahead of a presidential election in October.
22 Apr 2019
The International Monetary Fund has advised Nigeria to remove its subsidies on the premium motor spirit. In response, the Nigerian government says it has no plans to do such. Bismarck Rewane, CEO of Financial Derivatives joins CNBC Africa to weigh the pros and cons of Nigeria’s fuel subsidy.
11 Oct 2017
The International Monetary Fund has projected that the Nigerian economy will expand by 1.9 percent in 2018. However, IMF believes this growth will remain subdued due to population growth.
4 Aug 2017
The International Monetary Fund forecast a growth of just 0.8 per cent with threats to growth remaining elevated.
3 Aug 2017
The international monetary fund says 0.8 percent economic growth for Nigeria this year will not be sufficient to address unemployment and poverty.
25 Jul 2017
The International monetary fund has projected a 0.8 per cent growth for Nigeria in 2017 and 1.9 per cent growth in 2018 in its updated World Economic Outlook.
22 Apr 2017
International Monetary Fund First Deputy Managing Director David Lipton discusses the institution’s global economic forecasts and the need to avoid protectionist measures.