August 10, 2021/IMFBlog By Vitor Gaspar and Gita Gopinath Differences in vaccine access and the ability to deploy policy support are creating a growing divergence between advanced economies from many emerging market and developing economies. Faced with high deficits and historic levels of debt, countries with limited access to financing […]
OPINION/EDITORIAL
Q1 2021 BoP: A Notable Improvement in the Financial Accounts
August 9, 2021/Proshare by FBNQuest Research Our chart below is drawn from the CBN’s most recent data on the balance of payments (BoP) for Q1 ’21. The chart shows that the financial accounts of the BoP improved to a net surplus (net inflow) of c. USD7.9bn (7.9% of GDP) […]
Expect Increasing FX Rates Convergence in Coming Months
August 9, 2021/Proshare by CardinalStone Research The Debt Management Office (DMO) announced the appointment of transaction advisers for the issuance of Eurobonds as part of the new external borrowing of $6.2 billion provided in the 2021 Appropriation Act. This disclosure follows the recent news of the IMF’s approval of $650 […]
