October 7, 2016/First Bank of Nigeria Ltd As part of the continued commitment to drive financial inclusion and sustainable national economic developmentFirst Bank of Nigeria Limited and FBN Merchant Bank Limited have partnered The Nigerian Economic Summit Group to host the 22nd Nigerian Economic Summit (NES#22) with the theme: ‘Made […]
Updates
Q + A on IMF Bilateral Borrowing Agreements
October 7, 2016/IMF Why does the IMF need bilateral loans again despite the recently enacted doubling of the quota? While quota resources on aggregate doubled early this year as the 14th Review quota increases became effective, borrowed resources under the New Arrangements to Borrow (NAB) were concurrently rolled back. As […]
IMF Members Commit $340 billion in Bilateral Borrowing to Maintain the IMF’s Lending Capacity
October 7, 2016/IMF Twenty-five members of the International Monetary Fund (IMF) have committed a total of SDR 243 billion (US$340 billion) in bilateral borrowed resources with maximum terms through end-2020. In welcoming these commitments, Ms. Christine Lagarde, IMF Managing Director, said: “These commitments will preserve the overall lending capacity […]
