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Nigeria : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Alternate Executive Director for Nigeria - Vimarsana News

Nigeria : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Alternate Executive Director for Nigeria

Author/Editor: International Monetary Fund. African Dept. Publication Date: February 8, 2021 Electronic Access: Free Download. Use the free Adobe Acrobat Reader

Adobe Acrobat Reader DC 2021.001.20135 - Vimarsana News

Adobe Acrobat Reader DC 2021.001.20135

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Source: neowin.net
IMF - International Monetary Fund (via Public) / Nigeria : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Alternate Executive Director for Nigeriasitecoreitem - Vimarsana News

IMF - International Monetary Fund (via Public) / Nigeria : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Alternate Executive Director for Nigeriasitecoreitem

Summary: The Nigerian economy is at a critical juncture. A weak pre-crisis economy characterized by falling per capita income, double-digit inflation, significant governance vulnerabilities and limited buffers, is grappling with multiple shocks from the COVID-19 pandemic. Real output is projected to contract by 3.2 percent in 2020, with a weak recovery likely to keep per capita income stagnant and no higher than the 2010 level in the medium term. Policy adjustment and reforms are urgently needed to navigate this crisis and change the long-running lackluster course. Sharing and Personal Tools

IMF - International Monetary Fund (via Public) / Republic of Poland : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Polandsitecoreitem - Vimarsana News

IMF - International Monetary Fund (via Public) / Republic of Poland : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Polandsitecoreitem

Summary: After a long period of uninterrupted growth, Poland is experiencing a pandemic-induced recession, though strong policy actions have limited the damage. The economy rebounded strongly in the third quarter of 2020, but the second wave of the virus has delayed the recovery. A strong and effective policy response has supported economic activity and prevented destructive losses of employment and bankruptcies. Following the recession in 2020, Poland is well positioned for recovery. The pandemic will remain a constraint until the assumed administration of vaccines over the course of 2021. R...

The Gambia : First Review Under the Extended Credit Facility Arrangement, Financing Assurances Review, and Request for Augmentation of Access and a Waiver of Nonobservance of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for The Gambia - Vimarsana News

The Gambia : First Review Under the Extended Credit Facility Arrangement, Financing Assurances Review, and Request for Augmentation of Access and a Waiver of Nonobservance of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for The Gambia

The IMF Executive Board approved, on March 23, 2020, a 39-month Extended Credit Facility (ECF) arrangement in the amount of SDR 35 million (56.3 percent of quota) for The Gambia. The Gambia benefited from a Rapid Credit Facility (RCF) disbursement of SDR 15.55 million (25 percent of quota) approved on April 15, 2020 and is receiving debt service relief under the Catastrophe Containment and Relief Trust (CCRT) expected to total SDR 7.9 million (SDR 4.2 million of which has already been approved), to help meet heightened balance-of-payments and fiscal financing needs due to the impact of the COV...

Source: imf.org