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The International Monetary Fund (IMF) says Nigeria's foreign reserves will experience a decline in 2024 through 2025 from $33 billion to $24 billion.
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KUWAIT CITY, Aug 23: Non-oil GDP growth rose to an estimated 3.4 percent in 2021, benefiting from a recovery in domestic and external demand, and strengthened further to 4.0 percent in 2022, said the International Monetary Fund (IMF) on Wednesday. A press release by the IMF revealed that the fund’s Executive Board concluded the Article
Kuwait's oil GDP growth is expected to decline in 2023 due to oil production cuts, but non-oil GDP growth would stay robust, driven by domestic demand, and is foreseen to remain steady over the medium term, says an IMF report.
The country’s gross international reserves (GIR) dropped to $96.01 billion as of end-December 2022, down by 12 percent from end-2021’s $108.79 billion due to US dollar selling. Despite the almost $13 billion decline in reserves, the central bank considers the foreign exchange (FX) stock as more th