World News

Navigating Monetary Policy in the New Normal

By Christine Lagarde at the ECB Forum on Central Banking Monetary Policy in a Changing Financial Landscape May 25, 2014 As prepared for delivery Good evening. I would like to thank Mario Draghi for inviting me to address you tonight. I am delighted to be here, at the first ECB […]

Nigeria Won’t Cut GDP Outlook on Boko Attacks: Minister

Nigeria won’t lower its economic growth forecast for this year even amid security concerns raised by the wave of Islamist militant attacks that have left hundreds dead, the finance minister said. “We are sticking to 6.75 percent,” Ngozi Okonjo-Iweala said in an interview yesterday in the Rwandan capital, Kigali, where […]

Nigeria’s President Jonathan Signs 2014 Spending Plan

Nigerian President Goodluck Jonathan signed into a law a 2014 spending plan of 4.7 trillion naira ($29 billion), delayed for five months over disputes with lawmakers. The budget of Africa’s biggest oil producer is based on a crude output of 2.388 million barrels a day at a benchmark price of […]