IMF

Nigeria Seeks $3.5 Billion in International Loans to Fill Holes from Drop in Oil Revenue

February 1, 2016

OPEC member Nigeria looking to fund power, transport and road infrastructure projects with cheap money Nigeria, an OPEC member and Africa’s largest economy, is looking to international institutions in order to fund its record-setting 2016 budget. With approximately 35% of GDP, 75% of government revenue and 90% of export earnings coming from oil, the continued low price of crude oil

China’s Currency Becomes IMF’s Fifth Reserve Currency

December 1, 2015

Status Bump: China’s renminbi joins the dollar, euro, pound and yen as an IMF reserve currency The International Monetary Fund (IMF) announced Monday that the international lender will include the Chinese renminbi, or yuan, in its basket of currencies that make up the Special Drawing Right (SDR), it said in a release. The IMF’s decision will be effective as of

Euro Under Pressure as Greece Misses Deadline

June 1, 2015

Euro outflows look likely Greece missed its self-imposed Sunday deadline for reaching an agreement with its lenders for aid, putting pressure on the Euro. The missed deadline led to renewed fears in the market that Greece might default on its debt, or exit the euro zone, reports Reuters. Greece faces a payment to the International Monetary Fund (IMF) on Friday

Nigeria Seeks $3.5 Billion in International Loans to Fill Holes from Drop in Oil Revenue

China’s Currency Becomes IMF’s Fifth Reserve Currency

Euro Under Pressure as Greece Misses Deadline

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