April 8, 2016/IMF Nigeria: 2016 Article IV Consultation Summary The Nigerian economy is facing substantial challenges. Low oil prices, a lengthy period of policy uncertainty, and ongoing security concerns, have produced: a widening fiscal gap with salary arrears at state and local governments; a weaker external current account and the […]
Tag: International Monetary Fund
Lagarde Appoints Historians to Chronicle “Defining Moments” in Fund’s History
April 7, 2016/IMF Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today announced the appointment of Professor Harold James of Princeton University and Atish (Rex) Ghosh, Assistant Director in the Research Department, as the new IMF historians. They will replace retired historian James Boughton, and both will […]
IMF Executive Board Discusses the Adequacy of the Fund’s Precautionary Balances
April 6, 2016/IMF On February 19, 2016, the Executive Board of the International Monetary Fund (IMF) reviewed the adequacy of the Fund’s precautionary balances.[1] Precautionary balances are one element of the IMF’s multi-layered framework for managing financial risks. These balances, comprising the Fund’s general and special reserves[2] and the Special […]
