Nigeria: 2010: Article IV Consultation-Staff Report; Debt Sustainability Analysis; Informational Annex; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Nigeria

February 28, 2011

Preview Citation

Format: Chicago

Nigeria: 2010: Article IV Consultation-Staff Report; Debt Sustainability Analysis; Informational Annex; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Nigeria, (USA: International Monetary Fund, 2011) accessed November 23, 2024

Summary

In this study, economic growth and development of Nigeria after the crisis is discussed. Nigeria’s economy is projected to grow by 7 percent in 2011. Near-term risks to growth mostly relate to domestic factors. Nigeria’s strong external position and low debt helped mitigate the impact of the global financial crisis. Conflicting objectives of monetary policy and policy framework should focus more on price stability. Establishment of an asset management corporation to clean up the bank balance sheet is encouraged.

Subject: Expenditure, External debt, Oil prices, Prices, Public debt, Public financial management (PFM)

Keywords: Analytical balance balance sheet, CBN balance sheet, CR, Debt, Debt service indicator, Development finance initiative, Global, Government, Industries transparency initiative, Inflation pressure, Inflation risk hinge, ISCR, Oil prices, Price, Real GDP, World oil prices well

Publication Details

Pages:

73
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/057
Stock No:

1NGAEA2011001
ISBN:

9781455219988
ISSN:

1934-7685

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