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Nigeria joined the IMF on March 30, 1961. [1] Nigeria is Africa's most populous country, with 222.182 million citizens. [1] The nation's IMF quota stands at 2454.5 million (SDR) along with its special drawing rights amounting to 3702.34 million (SDR). [1] As of July 2023, Nigeria experienced a 3.2 GDP change. [2]
The International Monetary Fund and World Bank are holding their annual meetings in Africa for the first time in 50 years as they face a growing chorus of criticism that poorer nations are ...
However, others doubt whether South Korea is a successful case of IMF structural adjustment. In the process of South Korea and the International Monetary Fund reaching an agreement, the United States played a major role in it. The US government's structural adjustment to South Korea should be based on its own interests. [30]
Africa’s growth has been sluggish in recent years, but IMF managing director Kristalina Georgieva believes new opportunities lie ahead. IMF chief says Africa must do these three things to ...
The IMF estimates that the total cost of providing debt relief to the 40 countries currently eligible for the HIPC program would be around $71 billion (in 2007 dollars). [2] Half of the funding is provided by the IMF, World Bank, and other multilateral organizations, while the other half is provided by the creditor countries.
Salvatore Babones discussing sources used by scholars for studying political globalization noted the usefulness of Europa World Year Book for data on diplomatic relationships between countries, publications of International Institute for Strategic Studies such as The Military Balance for matters of military, and US government publication Patterns of Global Terrorism for matters of terrorism.
The statement follows an IMF visit to South Africa in early July to conduct a "post-financing assessment" after its $4.3 billion loan to the country in 2020 to help it fight the impact of the ...
Though Mali has had a steadily positive GDP growth rate since 2011 and a large amount of natural gold reserves, its economic and social fragility have caused developmental challenges as ethnic violence and terrorism weaken the government. The IMF projects that Mali will continue to have a GDP growth rate of around 5%, and a contained level of ...