IMF Exempts Nigeria From Debt Relief Package

The Managing Director, International Monetary Fund, Kristalina Georgieva approved immediate debt relief to the 25 of its member countries under the revamped Catastrophe Containment and Relief Trust (CCRT). The fund said in a statement, “The CCRT can currently provide about…

Sound fintech infrastructure to boost Kenya’s diaspora inflows-IMF

•IMF however warned that although high remittance can provide a foreign exchange buffer, it can have negative effects on receiving countries •Central Bank governor Patrick Njoroge said 2020 diaspora inflows were expected to grow to Sh302.31 billion ($2,997 million) from…