IMF COUNTRY FOCUS Photo Credit: tokyo studio/Adobe Stock September 28, 2023/IMFBlog Saudi Arabia’s economy is undergoing a transformation, as it implements reforms to reduce oil dependence, diversify income sources, and enhance competitiveness. This year marks an important juncture as the midpoint of Saudi Arabia’s ambitious Vision 2030 journey. As shown […]

September 28, 2023/FBNQuest Research According to the Debt Management Office (DMO), the Federal Government of Nigeria’s (FGN) total external debt obligations increased by USD488m from the previous quarter to USD43.2bn in Q2 ’23. The q/q rise in the external debt stock was primarily due to increases of USD390m and USD183m […]

September 28, 2023/CSL Research On the international front, the BRICS bloc made up of Brazil, Russia, India, China and South Africa alongside six other countries including Iran, Saudi Arabia, the UAE, Egypt, Argentina and Ethiopia are pushing the agenda to de-dollarizing their respective economies. A number of these countries are […]