Resident Representative Office -- News Archive

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Press Release: IMF Representative Endorses CBN Intervention in Some Banks As Essential to Long Term Growth and Development, September 15, 2009

September 15,2009
The following statement was issued today in Abuja by the IMF country chief and representative in Nigeria, David Nello 

IMF Survey: IMF Builds Statistical Capacity in Africa

August 11,2009
The IMF is helping 22 sub-Saharan African countries improve the quality, coverage, and dissemination of key statistics. 

The Impact of the Global Financial Crisis on Sub-Saharan Africa—Outlook for the Nigerian Economy; Charles N. O. Mordi; Research Department; Central Bank of Nigeria; May 19, 2009

May 19,2009
Charles N. O. Mordi; Research Department, Central Bank of Nigeria 

Point of View: Nigeria's Shot at Redemption

December 15,2008
Nigeria squandered its oil windfall of the 1970s, which led to three decades of economic stagnation and the degradation of public institutions. The reason was a mix of bad fiscal and macroeconomic policy, corruption, and poor governance. Besides, not many countries (or even economists) at that time fully understood how difficult it is to manage oil windfalls. 

IMF Invites Comments on Review of Fund's Policy Support Instrument

December 3,2008
The IMF is seeking public comments on its Policy Support Instrument, launched in 2005 to complement other Fund programs in providing policy support and signaling to its low-income members 

Review of the Policy Support Instrument - Concept Note

November 13,2008
The Policy Support Instrument (PSI), introduced in October 2005, enables the IMF to support low-income countries that may not need-or want-Fund financial assistance. 

Response to Media Inquiries on Developments in the Financial Markets

September 15,2008
In response to media inquiries on weekend developments in the financial markets, First Deputy Managing Director John Lipsky said: 

Refocusing the IMF: IMF Key Issues

September 1,2008
The International Monetary Fund is putting in place bilateral borrowing arrangements to strengthen its lending war chest to combat the ongoing global economic crisis and plans its first issuance of interest-bearing promissory notes to supplement its lendable resources, the Fund’s finance chief says. 

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