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US $76 million IMF loans for economic reforms

    ABIDJAN

    The International Monetary Fund (IMF) has approved, in principle, a three-year loan for Nigeria worth US $76 million. The loan, part of the IMF’s Poverty Reduction and Growth Facility, would help reduce poverty and spur economic growth. IMF Deputy Managing Director Eduardo Aninat said: “The programme is cast in a context of increased democratisation, administrative decentralisation and regional integration of the Economic Community of West African States and the West African Economic Monetary Union.”

    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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