May 1, 2020/IMF Japan has recently announced a package of measures to respond to the economic challenges of coronavirus. While it has the clear intention to support the Japanese economy, Japan will also underpin the stability of the global economy through contributions to the International Monetary Fund’s resources for the […]
World News
IMF Approves US$ 3.4 Billion in Emergency Support to Nigeria to address the COVID-19 Pandemic
April 28, 2020/IMF The IMF approved US$3.4 billion in emergency financial assistance under the Rapid Financing Instrument to support the authorities’ efforts in addressing the severe economic impact of the COVID-19 shock and the sharp fall in oil prices. The COVID-19 outbreak has magnified existing vulnerabilities, leading to a historic […]
World Bank Says Global Remittance to Drop 20% in 2020 on Economic Crisis Induced by COVID-19
April 23, 2020/World Bank Global remittances are projected to decline sharply by about 20 percent in 2020 due to the economic crisis induced by the COVID-19 pandemic and shutdown. The projected fall, which would be the sharpest decline in recent history, is largely due to a fall in the wages […]
