http://afripol.org/ It will be simply splendid! Splendid indeed to have a Nigerian woman become the president of the World Bank. Three frontline nations and economic powerhouse in Africa – South Africa, Angola and of course Nigeria have endorsed her for this important post. Nigeria has even gone further and has managed to get the African […]
Greece 53.5% Debt Write-down: Nigeria and Africa can do better
http://afripol.org/ Nigeria received 18 percent write-down on her 2006 debt payment, Greece received 53.5 percent History was made when the highly indebted Greece received 53.5 percent write down restructuring on her initial debt deal from its sovereign bondholders. The struggling southern European nation "Greece implemented the biggest debt write-down in history … swapping the bulk […]
Hungary: An Eventful Celebration of the National Holiday
Written by Marietta Le Last week, Hungary celebrated the 164th anniversary of the 1848 Revolution [1]. On March 15, 2012, the opposition elected a rapper as the ‘alternative president’ – while the prime minister compared the country to a frog jumping out of a pot of hot water at the very last moment – and a group […]
Nigeria: IMF, Standard and Poor’s Reports acknowledge progress not stability
http://afripol.org/ Nigeria’s macroeconomic stability and banking sector are potentially sound as suggested by reports coming respectively from the International Monetary Fund (IMF) and influential credit rating agency Standard and Poor’s (S&P). On the report issued by IMF after its consultation with Nigeria, in which the country’s macroeconomic wellbeing and stability were reviewed, IMF’s report was […]
Nigeria: IMF role in fuel subsidy removal?
http://afripol.org/ No matter how the Nigerian present economic team chooses to shade, equivocate or obfuscate it, International Monetary Fund (IMF) played a significant role, if not an upper hand in the removal of fuel subsidy in the poverty stricken Nigeria. It is no longer news neither is it a surprise that IMF has been interested in the removal […]
Ireland has an austerity plan to reduce public spending by 1,400 million in 2012
This sum is add another 755 million euros that the Dublin government intends to cut spending on infrastructure, announced days ago. "Our country has suffered a major economic crisis in living memory, which has caused a big drop in state revenues," they say. Ireland seeks to reach a balanced budget and save 3,800 million […]
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