Tag: IMF

IMF advises banks to suspend dividend payment

Estimated Reading Time: 2The International Monetary Fund has advised commercial banks to retain their earnings by suspending payment of shareholders’ dividends during the COVID-19 pandemic. The IMF Managing Director, Kristalina Georgieva, made the call in an article entitled ‘Halt bank dividends and buybacks now’, which was posted on the organisation’s[Read More…]

President Buhari Asks IMF, World Bank For Debt Cancellation And Assistance

Estimated Reading Time: 1President Muhammadu Buhari has urged international financial institutions to assist member states in cushioning the negative impact of the pandemic in the spirit of solidarity. According to him, the assistance includes extending concessional loans, technical support, lowering of tariff on medical equipment and consumables, sharing of expertise[Read More…]