IMF

Agricultural development agencies, researchers, and policymakers from Liberia are set to organise a business summit to draw a seed road map for the West African country. The consortium includes the Building an Economically Sustainable Integrated Cassava Seed System, Phase 2 (BASICS-II) project of the International Institute of Tropical Agriculture (IITA), AfDB-funded Technologies for African Agricultural Transformation (TAAT) of IITA, the Sasakawa Africa Association (SAA) in Nigeria, and the Liberian government.…

The International Monetary Fund (IMF) has endorsed the Central Bank of Nigeria’s decision to increase the interest rate to 22.75 per cent. The Monetary Policy Committee of the CBN at its last meeting raised the policy rate by 400 basis points. The committee also voted to keep the Cash Reserve Ratio (CRR) at 45 per cent while the Liquidity Ratio was retained at 30 per cent. Nigeria’s high inflation rate, hitting 29.9 per cent in January 2024, intensified pressure on the naira. This surge, driven by rising food…

The Central Bank of Nigeria (CBN) has scheduled its first Monetary Policy Committee (MPC) meeting with Yemi Cardoso as Governor for Monday and Tuesday.Some economic experts have projected that the benchmark interest rate known as the Monetary Policy Rate (MPR) would most likely be tightened to rein in inflation and check further depreciation of the Naira. . The News Agency of Nigeria (NAN) reports that the last meeting of the MPC was held in July 2023, and was presided over by the then-acting CBN governor,…

The International Monetary Fund (IMF) has said that there is an urgent need for Nigeria to completely phase out costly fuel and electricity subsidies as part of measures to address its economic challenges. These subsidies, deemed inefficient and ineffective in reaching intended beneficiaries, were identified as worsening the nation’s fiscal challenges and hindering efforts to address poverty and food insecurity. In its report titled ‘IMF Executive Board Concludes Post Financing Assessment with Nigeria,’ the IMF…

While AI has the potential to replace certain jobs, the IMF suggests that AI is likely to complement human work. Advanced economies are anticipated to see around 60% of jobs affected, a higher proportion compared to emerging and low-income countries…

Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity levels and fuel global growth, the IMF chief told AFP.AI will affect 60 percent of jobs in advanced economies, the International Monetary Fund's managing director, Kristalina Georgieva, said in an interview in Washington, shortly before departing for the annual World Economic Forum in Davos, Switzerland.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

  You have spoken about the need to fight poverty, bring in educational reforms and battle financial frauds. As president of Columbia University, how do you plan to help students find the balance?People who tend to want jobs that are about doing good tend to be very optimistic and those who tend to do the jobs that are about preventing bad things from happening often are great warriors. I have had the good fortune of doing both. For younger people, I think a lot of it depends on…

The International Monetary Fund program should see the cash-strapped country through its election period and installation of a new government. The International Monetary Fund program should see the cash-strapped country through its election period and installation of a new government. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks…

The International Monetary Fund (IMF) has said about 98.5 per cent of eNaira wallets downloaded after the unveiling of the digital currency have been abandoned. The IMF made this known in a working paper released recently titled ‘Nigeria’s eNaira, One Year After’. In the report, the Bretton Woods institution highlighted how the digital currency fared within its first year, noting that the adoption of the eNaira has been disappointingly low. “The average number of eNaira transactions since its inception amounts to…

Finance Minister Nirmala Sitharaman on Sunday emphasised the need for global consensus for regulating crypto assets.Addressing a series of events in Bengaluru, she said that any kind of regulation on crypto assets would require every nation's consent, otherwise, it would not be effective.Sitharaman added that India under its G20 presidency has kept crypto assets regulation as an agenda item for this year.The IMF has given a paper on crypto-currency and the way it can affect macroeconomic stability."The Financial Stability…