Features News Top Stories

IMF Approves Financing Plan Of Debt Relief To Sudan

By Sahel Standard Magazine May 11, 2021 39 0

The International Monetary Fund (IMF) executive board on Monday approved a financing plan to help mobilize resources needed for the fund to cover its share of debt relief to Sudan.The financing plan relies on a broad effort of IMF member countries, including cash grants and contributions derived from the fund’s internal resources, IMF Managing Director […]Continue Reading

Business News Top Stories

Falana: Economic policies of IMF, World Bank promoting poverty in Nigeria

By Sahel Standard Magazine May 6, 2021 82 0

Femi Falana, human rights lawyer, says the federal government is hiding the fact that Nigeria “has been captured” by the World Bank and International Monetary Fund (IMF). He said the “neoliberal economic policies” of the Bretton Woods Institutions are fostering poverty in the country. Falana spoke in Lagos on Thursday at the launch of a […]Continue Reading

Features News Top Stories

Okonjo-Iweala will Drive Global Trade, says World Bank

By Sahel Standard Magazine April 12, 2021 68 0

The international financial architecture is ‘skewed in favor of rich and creditor countries’, the World Bank said yesterday. President of the bank, David Malpass exposed the partial state of the architecture at the close of the World Bank/IMF Spring Meetings 2021 Development Committee meeting, in Washington D.C. yesterday. He said the disturbing state of the […]Continue Reading

Features News Top Stories

IMF Excludes Nigeria From Debt Relief

By Sahel Standard Magazine April 6, 2021 107 0

Nigeria has been excluded from the list of 28 countries granted debt pardon by the  Executive Board of the International Monetary Fund (IMF). The Board  has approved a third tranche of grants for debt service relief for 28 member countries under the Catastrophe Containment and Relief Trust (CCRT). This approval followed two prior tranches approved […]Continue Reading

Uncategorized

How Rising Interest Rates Could Affect Emerging Markets-IMF

By sahelstandard01 April 5, 2021 55 0

By Philipp Engler, Roberto Piazza and Galen Sher Rapid vaccine rollout in the United States and passage of its $1.9 trillion fiscal stimulus package have boosted its expected economic recovery. In anticipation, longer-term US interest rates have risen rapidly, with the rate on 10-year Treasury securities going from under 1 percent at the start of […]Continue Reading

Business Commentary Features News Politico Top Stories

#IMF Blog: Giving Everyone a Fair Shot

By sahelstandard01 April 2, 2021 116 0

By David Amaglobeli, Vitor Gaspar, and Paolo Mauro The COVID-19 pandemic is intensifying the vicious circle of inequality. To break this pattern and give everyone a fair shot at prosperity, governments need to improve access to basic public services—such as health care (including vaccination) and education—and strengthen redistributive policies. For most countries, this Continue Reading

Features News Top Stories

WTO DG Okonjo-Iweala Meets With President Buhari

By Sahel Standard Magazine March 15, 2021 155 0

The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, on Monday met with President Muhammadu Buhari. She was led to the meeting with the President by his Chief of Staff, Professor Ibrahim Gambari, in company with the Minister of Foreign Affairs, Geoffrey Onyeama, as well as the Minister of Industry, Trade and Investment, […]Continue Reading

Uncategorized

Rising Market Power—A Threat to the Recovery?

By sahelstandard01 March 15, 2021 114 0

By Kristalina Georgieva, Federico J. Díez, Romain Duval, and Daniel Schwarz The crisis has hit small and medium enterprises especially hard, causing massive job losses and other economic scars. Among these—less noticeable, but also serious—is rising market power among dominant firms as they emerge even stronger while smaller rivals fall away. We know from experience […]Continue Reading

Business Commentary Features News Top Stories

Keeping it Local: A Secure and Stable Way to Access Financing

By sahelstandard01 March 12, 2021 155 0

By Tobias Adrian, Thor Jonasson, Ayhan Kose, and Anderson Silva Paychecks for teachers, new hospital equipment, social assistance programs, and other public expenditures. All depend to large extent on governments’ ability to fund them. When governments—particularly those in emerging and developing economies—need money to pay these and other goods and services, they Continue Reading