Nigeria quits IMF monitoring scheme.

Position::Business Briefs - International Monetary Fund - Brief Article
 
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Meanwhile, Nigeria has pulled out of an informal monitoring arrangement with the IMP because Nigeria "does not wish to continue with arrangements where only narrowlydefined macroeconomic considerations come into play," says Finance Minister Adamu Ciroma. IMF scrutiny and subsequent endorsement of Nigeria's economic policies were critical to Nigeria's bid for foreign debt relief of around $30bn.

In an earlier evaluation, the IMF...

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