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Nigeria cenbank to tighten policy to curb inflation, asks banks to boost capital

Nigeria cenbank to tighten policy to curb inflation, asks banks to boost capital

© Reuters. FILE PHOTO: A view of Central Bank of Nigeria headquaters next to National Ecumenical Centre in Abuja, Nigeria November 23, 2021. REUTERS/Afolabi Sotunde/File Photo By Chijioke Ohuocha and Elisha Bala-Gbogbo ABUJA (Reuters) -Nigeria’s central bank will tighten policy over the next two quarters to manage inflation while directing banks to boost capital to…

Pakistan secures IMF staff-level accord, aims for economic growth

Pakistan secures IMF staff-level accord, aims for economic growth

ISLAMABAD – Pakistan’s economic landscape is showing signs of recovery as Minister Shamshad Akhtar announced a staff-level agreement with the International Monetary Fund (IMF), signaling a positive shift following comprehensive stabilization measures. The country has been grappling with macroeconomic instability due to a combination of delayed reforms, political disruptions, and external pressures such as rising…

Pakistan finance minister calls for urgent debt management reforms

Pakistan finance minister calls for urgent debt management reforms

ISLAMABAD – Pakistan’s Finance Minister Dr. Shamshad Akhtar highlighted the critical need for comprehensive fiscal reforms at an Islamabad event today, stressing that managing the country’s unsustainable debt levels should top the national reform agenda. Speaking at a Sustainable Development Policy Institute gathering, Akhtar detailed the challenges posed by high servicing costs, which have consumed…