Advanced economies led by the United States will increasingly drive global growth while emerging countries are at risk of slowing due to tighter U.S. monetary policy, the International Monetary Fund said in a note obtained by Reuters on Wednesday. In the surveillance note, prepared for the Group of 20 meeting […]
Tag: IMF
IMF Advise Benin On Troubled Banks, Grants $16.1 million Facility
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Wednesday advised the Republic of Benin, West Africa to speedily resolve the issue of its troubled banks as it granted the country $16.1 million extended credit facility (ECF). This is coming on the heels of a statement by Naoyuki Shinohara, […]
Borges Former IMF’s Director European Department Dies
By InvestAdvocate Lagos (INVESTADVOCATE)-Antonio Borges former International Monetary Fund (IMF), Director of the IMF’s European Department in 2010-2011 has died. Christine Lagarde, Managing Director (MD) of the IMF, Sunday expressed her sadness on the death of Borges. “It is with great sadness that we have learned of the […]
