Home Business IMF to meet April 28 on Nigeria’s request for $3.4 billion emergency...

IMF to meet April 28 on Nigeria’s request for $3.4 billion emergency fund

- Advertisement -

The International Monetary Fund (IMF) on Friday said it would meet on April 28 to consider Nigeria’s request for $3.4 billion in emergency financing to combat the impact of the coronavirus.

Sources told Reuters that setting a date to take the request before the board is a sign the proposal was slated for approval.

- Advertisement -

Nigeria, which is reeling from the twin hits of the oil price collapse and the new coronavirus pandemic, requested the emergency funding under the Fund’s Rapid Financing Instrument.

Finance Minister, Zainab Ahmed, is seeking a total of $6.9 billion from the IMF and other multilateral lenders.

The money would allow the government to address additional and urgent balance of payments needs, and to direct funds to priority health expenditures.

Pauline A . E
Pauline A . E
Be the change you want to see in the world...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

video

10 GADGETS ACTUALLY WORTH BUYING

10 GADGETS ACTUALLY WORTH BUYING...  
video

Apple’s Biggest FAILS

Apple’s Biggest FAILS...  
video

Apple’s “Mac Pro” iPhone Pro

Apple's "Mac Pro" iPhone Pro
video

Xiaomi Mi 11 Ultra is an Absolute MONSTER

Xiaomi Mi 11 Ultra is an Absolute MONSTER...  
video

Smartphones are Getting Out of Control

Smartphones are Getting Out of Control...  
error: Alltechng Content is protected !!