April 9, 2020/IMF The Covid-19 pandemic is taking a human toll and has unleashed a series of shocks on the Fund’s entire membership, creating severe disruption in the global economic and financial system. As a result, many emerging market and developing country (EMDC) members face urgent and unprecedented financing needs, […]
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AfDB unveils $10 billion Response Facility to curb COVID-19
April 8, 2020/AfDB The African Development Bank Group (www.AfDB.org) on Wednesday announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic. The Facility is the latest measure taken by the Bank to respond to the pandemic and will be the institution’s primary channel […]
IMF Says Nigeria’s Economy Threatened by COVID-19, Falling Oil Prices
April 7, 2020/IMF “Nigeria’s economy is being threatened by the twin shocks of the COVID-19 pandemic and the associated sharp fall in international oil prices. President Buhari’s administration is taking a number of measures aimed at containing the spread of the virus and its impact, including by swiftly releasing contingency […]
