x

IMF board to meet on Nigeria’s $3.4bn loan request

The International Monetary Fund executive board would soon meet over a fresh $3.4bn loan request from Nigeria.

In a statement issued acknowledging the request, IMF Managing Director, Kristalina Georgieva, said the lender is working hard to respond to this request so that a proposal can be considered by the IMF’s executive board.

The Federal Government is banking on the IMF credit and similar loan requests from the World Bank and the African Development Bank to cushion the effects of the pandemic on the economy.

Nigeria’s economy is being threatened by the twin shocks of the COVID-19 pandemic and the associated sharp fall in international oil prices.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

North-central Forum Blames You for Apc Loss

. knocks Humanitarian minister, Yilwatda By Israel Adamu, Jos  The North-Central All...

Ogbe’s Appo Role Boosts Africa’s Energy Future

Amgbare Ekaunkumo, Yenagoa   In a major boost for Africa’s oil...

Comandrthyann Drops Ep ‘beautiful

Johnson Mary-Ann Akalo who is better known in the...

Benue Apc Backs Alia for 2027

By Isaac Kertyo, Makurdi  As the 2027 general elections draw...

Plateau Group Rejects Mutfwang’s Move

By Isreal Adamu, Jos  Plateau state All progressive Congress Vanguard...

Prosperity Cup: Advance Dreams in Final

Amgbare Ekaunkumo, Yenagoa  Advance Dreams Football Academy of Yenagoa punched...

Bayelsa Plans Expanded Partnership With Zipline for Health, Agriculture

By Amgbare Ekaunkumo, Yenagoa  The Bayelsa State Government has announced...

Dangote Commends Bayelsa’s Economic Vision at Historic Mou Signing

By Amgbare Ekaunkumo, Yenagoa  Africa’s business magnate Aliko Dangote has...
spot_img

Related Articles

Popular Categories

spot_imgspot_img