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IMF critic heads team of economic monitors

    ABIDJAN

    President Obasanjo appointed Ibrahim Ayagi on Monday to head his National Economic Intelligence Committee, a body first set up in 1994 and now reconstructed to monitor government policy.

    Ayagi is well known locally as a critic of the International Monetary Fund (IMF) and he opposed attempts by former military ruler Ibrahim Babangida to accept an IMF loan conditioned on market reforms.

    The IMF has offered Nigeria a US $1 billion standby loan provided that it carries out reforms and slashes government spending, Reuters reported on Monday.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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