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Nigeria requests IMF loan amid COVID-19 economic turmoil, IMF Managing Director Kristalina Georgieva says

The Managing Director of the International Monetary Fund (IMF) Ms. Kristalina Georgieva warned on Tuesday that the Nigerian economy was under threat by "twin shocks", and the government had requested a financial assistance from the Fund.

IMF’s Kristalina Georgieva urges G20 finance chiefs to take “ambitious action” and support low-income countries amid coronavirus economic meltdown

The International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Tuesday urged G20 finance ministers and central bank governors to take "ambitious action" and support low-income countries amid coronavirus economic meltdown."We support...

Coronavirus pandemic now a global economic and financial crisis, say IMFC Chair Lesetja Kganyago and IMF boss Kristalina Georgieva

The coronavirus pandemic has now turned into a global economic and financial crisis and strong and immediate actions are needed to minimize the impact, the Chairperson of the International Monetary and Financial Committee, Lesetja Kganyago, and...

IMF’s Kristalina Georgieva tells G20 leaders global economy will contract in 2020 amid coronavirus pandemic and recover in 2021

The managing director of the International Monetary Fund (IMF) Ms. Kristalina Georgieva projected on Thursday that the global economy will contract in 2020 amid impacts from the coronavirus pandemic and recover in 2021, adding that the...

IMF managing director Kristalina Georgieva calls for solidarity to limit economic damage from coronavirus pandemic

The managing director of the International Monetary Fund (IMF) Kristalina Georgieva on Monday called for solidarity to limit the economic damage from COVID-19, the respiratory disease caused the novel coronavirus.In her message...

IMF’s Kristalina Georgieva calls for ‘constant contact’ and ‘close coordination’ to secure global economy amid COVID-19 ‘social distancing’ and ‘quarantine’

The Managing Director of the International Monetary Fund (IMF) Ms. Kristalina Georgieva argued in a policy statement on Monday that "while quarantining and social distancing is the right prescription to combat COVID-19’s public health impact, the...

BREAKING: IMF Managing Director Kristalina Georgieva names Trump-backed Geoffrey Okamoto as First Deputy Managing Director

The Managing Director of the International Monetary Fund (IMF) Ms. Kristalina Georgieva, on Thursday named President Donald Trump-backed Geoffrey Okamoto as First Deputy Managing Director, effective March 30, 2020. The appointment is subject to approval by...

IMF makes available $50 billion funding to combat coronavirus, as Kristalina Georgieva warns global growth may drop significantly in 2020

The International Monetary Fund (IMF) is making available about $50 billion through its rapid-disbursing emergency financing facilities for low income and emerging market countries to combat the coronavirus outbreak, IMF Managing Director Kristalina Georgieva said at...

$10 billion funding with zero interest rate available for African countries impacted by coronavirus, IMF boss Kristalina Georgieva says

The International Monetary Fund (IMF) has made available up to $10 billion funding with zero interest rate for low-income countries, especially Sub-Saharan African nations impacted by the current coronavirus outbreak, Managing Director Kristalina Georgieva announced on...

IMF and World Bank stand ready to help member countries tackle COVID-19, Kristalina Georgieva and David Malpass say in joint statement

The International Monetary Fund (IMF) and the World Bank Group stand ready to help "member countries address the human tragedy and economic challenge posed by COVID-19," IMF managing director Kristalina Georgieva and World Bank President David Malpass...
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BREAKING: Nigeria National Assembly issues statement following backlash over attempts to trash Vice President Osinbajo

The attention of the leadership of the National Assembly has been drawn to reactions to some...
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BREAKING: COVID-19 drives Sub-Saharan Africa toward first recession in 25 years, World Bank says

Growth in Sub-Saharan Africa has been significantly impacted by the ongoing coronavirus outbreak and is forecast to fall sharply from 2.4%...

BREAKING: About 2000 people died from COVID-19 in U.S. on Wednesday

About 2000 people died from COVID-19 in the United States on Wednesday, a day after a similar number of deaths was...

BREAKING: President Buhari’s special adviser Maryam Uwais counters attempts by Senate President and House Speaker to trash Vice President Yemi Osinbajo

Maryam Uwais, Special Adviser to President Muhammadu Buhari on Social Investments has released a strongly worded statement countering some attempts by...

BREAKING: Chad asks IMF for $115 million to respond to COVID-19 economic sabotage

The Executive Board of the International Monetary Fund (IMF) is considering an urgent request made by Chad for a disbursement of...
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