The International Monetary Fund’s (IMF) managing director Christine Lagarde met with President Muhammadu Buhari on Tuesday as part of a four-day visit to Nigeria. Lagarde dismissed suggestions that she was visiting Nigeria to agree a new IMF loan for the country, which has been hit hard by the global slump in oil prices. Her visit comes at a time of economic scrutiny in Nigeria. It is only a few weeks after Buhari’s first budget, in which he announced huge increases in capital expenditure and foreign borrowing as Nigeria tries to move away from its dependency on oil. As well as her discussions with Buhari, Lagarde is due to meet with Nigeria’s Finance Minister Kemi Adeosun and address the National Assembly on Wednesday afternoon. Newsweek spoke with experts to look at what the Nigerian government and Lagarde might discuss. 1. Lifting foreign exchange restrictions In a bid to deal with falling oil prices—which had hit as low as $39 a barrel in December 2015—the Central Bank of Nigeria (CBN) has taken several steps to reduce access to foreign currency and retain the value of the naira. These include restrictions on the importing of 41 categories of items—which covers hundreds of arbitrary… Read full this story
- Ex-RBI Governor Raghuram Rajan in running for IMF chief’s post?
- Támogatja az Európai Parlament Christine Lagarde kinevezését az EKB élére
- 'Architect of Austerity' George Osborne Aims to Replace Former IMF Chief Lagarde - Report
- Sky Views: Christine Lagarde's climate mission 'taking things too far'
- Varoufakis extends Washington DC charm offensive after talks with Lagarde
- Argentinians protest IMF multi-billion euro loan
- IMF Accepts Lagarde's Resignation, Initiates Search for Replacement - Board
- IMF says Brexit would trigger UK recession
- Lawyer Lagarde Bringing Political Acumen to European Central Bank
- Az IMF ellen tüntettek Buenos Airesben
What IMF chief Christine Lagarde should discuss in Nigeria have 297 words, post on www.newsweek.com at January 5, 2016. This is cached page on CuBird. If you want remove this page, please contact us.