IMF

The Central Bank of Nigeria has said that the total loan repayments under the Anchor Borrowers’ Programme (ABP) stood 52 per cent in February. The CBN spoke in reaction to a report by the International Monetary Fund (IMF) which claimed that only 24 per cent of loans disbursed under the ABP had been repaid. In its recent report titled ‘Nigeria selected issues’, the fund said agricultural credit in Nigeria has not significantly boosted production even though there is the challenge of targeting the right recipients…

On the 24th of February, the first G20 meeting of finance ministers and central bank governors was held in Bengaluru, India. During this meeting, the managing director of the International Monetary Fund, Kristalina Georgieva, expressed that their agency, IMF, would like to impose more regulations on the crypto market. Regulations are good, aren’t they? Regulations ultimately bring more transparency, security, and trust between the investors and the crypto market. However, while government regulation may be good, it…

The International Monetary Fund (IMF) says only 24 per cent of loans disbursed under the Central Bank of Nigeria (CBN) Anchor Borrowers Programme (ABP) have been repaid. The Washington-based lender in its recent report titled ‘Nigeria selected issues’ said agricultural credit in Nigeria has not significantly boosted production even though there is the challenge of targeting the right recipients for the credit. In November 2015, President Muhammadu Buhari launched the ABP to boost agricultural production and…

Dogetti Gets Past Halfway Mark of its Presale Stage 1 Ukraine Bags $70 Million in Crypto Donations The International Monetary Fund (IMF) put new life into the future of cryptocurrencies like Dogetti (DETI), Bitcoin (BTC), and Ripple (XRP) on Sunday when its top official set aside possibilities of an outright ban on cryptocurrencies. During the G20 Finance Ministers’ rendezvous in Bengaluru, India at the weekend, IMF Managing Director Kristalina Georgieva said the IMF would rather prefer regulating cryptocurrencies over…

IMF and FSB, currently in charge of G20, to work together on technical paper for crypto assets India, which is now in charge of the G20, has asked the IMF and Financial Stability Board (FSB) to collaborate on developing a technical paper on crypto assets that may be used to develop a coordinated and comprehensive strategy to regulate them. The international organizations want to deliver their joint text at the 4th Finance Ministers and Central Bank Governors Conference in October 2023, according to a statement from the…

Kristalina Georgieva, the Managing Director of the International Monetary Fund, said the IMF supports countries with their own, monetarily backed digital currencies.Photo: Britta Pedersen/picture-alliance/dpa (AP)The world needs a new crypto crackdown, or else there’s the nuclear option—at least according to one of the world’s biggest financial bodies. Kristalina Georgieva, the Managing Director of the International Monetary Fund, shared the inter-country agency has suggested that countries should consider outright bans…

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India, which is currently holding the G20 Presidency, has tasked the International Monetary Fund and the Financial Stability Board (FSB) with jointly preparing a technical paper on crypto assets. The paper could be used to formulate a coordinated and comprehensive policy to regulate crypto assets. The G20 will draw up a universally acceptable international framework to regulate crypto assets and said that only a central bank backed monetary unit would qualify as a currency.“To complement the ongoing dialogue on the need…

Recognizing the risks attached to the private virtual assets, G20 nations moved a step closer to developing a coordinated and comprehensive policy approach to deal with the crypto assets by considering macroeconomic and regulatory perspectives. According to the chair's summary released at the end of the two-day meeting of the Finance Ministers and Central Bank Governors (FMCBG) on Saturday, the grouping will be looking forward to the IMF-FSB Synthesis Paper on crypto assets. "I am glad to say one thing: there is almost a…

India, which is currently holding G20 Presidency, has asked the IMF and Financial Stability Board (FSB) to jointly prepare a technical paper on crypto assets, which could be used in formulating a coordinated and comprehensive policy to regulate them. The international organisations are expected to present their joint paper during the 4th Finance Ministers and Central Bank Governors Meeting in October 2023, said a finance ministry release. "To complement the ongoing dialogue on the need for a policy framework, the Indian…