IMF concludes 2020 Article IV Consultation with Nigeria
The International Monetary Fund (IMF) has concluded its 2020 Article IV Consultation with Nigeria. In a press release following the exercise, the IMF notes the Nigerian economy is at a critical juncture.
The multilateral lending institution indicates Nigeria is grappling with multiple shocks from the COVID-19 pandemic, including a weak pre-crisis economy characterized by falling per capita income, double-digit inflation, significant governance vulnerabilities, and limited buffers.
During an Article IV consultation, an IMF team of economists visits a country to assess economic and financial developments and discuss the country’s economic and financial policies with government and central bank officials.
Further details are available here.
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