Nigeria: First Review Under the Policy Support Instrument
IMF Staff Country Reports, May 18, 2006
Source details
- Canonical URL
- Nigeria: First Review Under the Policy Support Instrument
Other formats
Bibliographic details
- Published: May 18, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451829013.002
Executive summary and program objectives
- Structural reforms are proceeding in line with the National Economic Empowerment and Development Strategy.
- The authorities’ commitments under the PSI primary objectives of the economic reform program include:
- entrenching macroeconomic stability
- strengthening public financial management
- reducing the costs of doing business
Central Bank of Nigeria (CBN) policy action
- The Central Bank of Nigeria has developed plans to:
- invest some of its international reserves in higher yield financial assets
- allow domestic banks to bid to be custodians for the investments
Thematic focus areas reported
- Commodities
- Expenditure
- Oil
- Oil, gas and mining taxes
- Public financial management (PFM)
- Tariffs
- Taxes
Keywords and analytical focus
- CR
- crude oil oil production
- gas and mining taxes
- Global
- ISCR
- monetary policy
- Oil
- policy implementation
- reform agenda
- sector GDP growth
- staff appraisal
- Tariffs
Source: International Monetary Fund — Nigeria: First Review Under the Policy Support Instrument (May 18, 2006).