February 24, 2016/IMF An International Monetary Fund (IMF) team, led by Gene Leon, visited Abuja and Lagos during December 14-17 and January 10–25 to conduct the 2016 Article IV consultation. Discussions focused on assessing the economic impact of the sharp decline in oil prices and policies for addressing near-term vulnerabilities, […]
World News
Christine Lagarde Gets Second Term of Five Years as Managing Director IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The executive board of the global lender, the International Monetary Fund (IMF) on Friday announced it has selected Christine Lagarde to serve as the Fund’s managing director (MD) for a second five-year term starting on July 5, 2016. “The Board’s decision was taken by consensus,” […]
World Bank sees risk of recession in South Africa
Wed Feb 17, 2016/Reuters South Africa is at risk of slipping into recession this year while growth should recover slightly in 2017 as the weaker rand helps to boost exports, the World Bank said on Wednesday. A global commodities rout over the past 18-months has hobbled South Africa’s economy, which […]
