July 15, 2024/Cordros Report Nigeria’s headline inflation rose by 24bps in June to 34.19% y/y (May: 33.95% y/y). The outturn is 19bps higher than Cordros’ and Bloomberg’s median consensus estimates of 34.0% y/y. On a month-on-month basis, headline inflation rose by 17bps to 2.31% (May: 2.14% m/m). Food inflation increased […]
OPINION/EDITORIAL
Nigeria’s Food Importation Policy Could Destroy Country’s Agriculture, Warns Akinwumi Adesina
Nigeria should be producing more food to stabilize food prices, while creating jobs and reducing foreign exchange spending July 15, 2024/AfDB The President of the African Development Bank Group Dr. Akinwumi Adesina has said the decision by Nigeria’s government to allow massive food importation risks destroying the country’s agriculture. This […]
Emerging Markets Show Resilience Despite Global Monetary Tightening
Credit: AsianDream/iStock by Getty Images July 12, 2024/IMFBlog By Cian Allen and Rudolfs Bems Interest rates in the United States are at 20-year highs and the dollar has appreciated sharply against other world currencies. Given the dollar’s outsized role in international finance and trade—and if history is any guide—emerging markets […]
