Culled—Proshare June15, 2017/CBN In its latest move to further rein in inflation, the Central Bank of Nigeria (CBN) has unveiled plans to mop up a total of N200.322 billion from the Nigerian banking system through a special Open Market Operation (OMO) at the rate of 16 per cent per annum. […]
Updates
Euro Area: IMF Staff Concluding Statement of the 2017 Article IV Mission
June 16, 2017/IMF The recovery has gained momentum, with a virtuous circle of private consumption and job creation. This provides an excellent opportunity to push forward with architectural reforms to deepen the Economic and Monetary Union (EMU). At the same time, structural reforms at the country level are needed to […]
Q&A on Approval in Principle and Greece
June 15, 2017/IMF What is Approval in Principle? Approval in Principle (AIP) is a procedure that allows the IMF’s Executive Board to approve an IMF financing arrangement for a member country based on agreement reached with the country on economic policies, but conditional on agreement being reached between the country […]
