Tag: IMF

UK Faces 1976-Style Crisis, Kemi Badenoch Cautions

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In a BBC interview  on Tuesday, Conservative leader Kemi Badenoch warned that Britain is at risk of a humiliating IMF bailout, drawing comparisons to the 1976 sterling crisis. She expressed deep concern that, in the absence of a strong plan for economic growth, the UK may experience a recurrence of the situation in which Jim Callaghan’s Labour government obtained a $3.9 billion IMF loan to support the pound almost fifty years ago. Badenoch accused Prime Minister Keir Starmer’s administration of plunging the country into a “doom loop” of rising taxes,…

Address Nigeria’s Food Insecurity Immediate – IMF Urges FG

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Address Nigeria’s Food Insecurity Immediate – IMF Urges FG The International Monetary Fund (IMF) has urged the Nigerian government to prioritize addressing food insecurity as a matter of urgency. This recommendation was made in the IMF’s End-of-Mission statement, which was released after the completion of the IMF Staff 2024 Article IV Mission to Nigeria. The statement, which contains preliminary findings from the IMF staff team’s visit to the country, highlights the challenging economic situation faced by the new government. This includes issues such as low growth, low revenue collection, increasing…