IMF concludes 2020 Article IV Consultation with Nigeria

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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