March 23, 2021/IMF Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement at the conclusion of an informal discussion of the IMF’s Executive Directors on the technical case for a Special Drawing Rights (SDR) general allocation: “I am very encouraged by initial discussions on a […]
Updates
CBN Communique No. 135 of the MPC Meeting March 22-23, 2021
March 23, 2021/CBN The Monetary Policy Committee (MPC) met on the 22nd and 23rd of March 2021 confronted with downside risks to the optimism for significant improvement in global output recovery in 2021. The risks stem largely from the uncertainty surrounding the efficacy of the COVID-19 vaccines in surmounting the […]
March 2021 Monetary Policy Committee Update
March 23, 2021/Cowry Asset Report The MPC Observed that the vaccination against COVID-19 had gained ground in major advanced economies; however, the slow pace of vaccination in some emerging markets and developing economies weighed on the even recovery of global output. We note the sharp increase in the number of […]
