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International Monetary Fund

The International Monetary Fund (IMF) is a global organisation of 190-plus member countries established to promote international monetary cooperation, exchange-rate stability and balanced economic growth. Headquartered in Washington, DC, it provides policy advice, technical assistance and financial support to member states facing balance-of-payments difficulties. The IMF is governed by a board of executive directors representing member countries, with voting power weighted by financial contributions, and is led by a managing director. It regularly conducts Article IV consultations, assessing member economies' fiscal, monetary and structural policies, including Nigeria's. The fund often recommends reforms such as subsidy removal, exchange-rate liberalisation and fiscal consolidation, advice that has shaped Nigerian policy debates on fuel subsidies, inflation and poverty. It works alongside the World Bank, though the two have distinct mandates, with the IMF focused on macroeconomic stability rather than long-term development financing. The IMF's assessments and loan conditions can be politically sensitive, particularly where they involve austerity measures affecting food security and inequality. It was established in 1944 at the Bretton Woods Conference alongside the World Bank, initially to oversee the post-war international monetary system. Its role has since expanded to include crisis lending, surveillance and capacity development across advanced, emerging and developing economies. The organisation remains a key reference point in coverage of Nigeria's economic reforms under President Bola Tinubu's administration.

International Monetary Fund News


World Bank President Ajay Banga
World Bank's Banga sets goal of quintupling critical minerals financing in five years
16th October 2026 By: Reuters

World Bank President Ajay Banga on Friday said the development lender has set a goal of quintupling its critical minerals business in five years, and has identified 20 countries that it can partner... 


US Treasury Secretary Scott Bessent
Bessent calls for World Bank reforms, including upstream oil and gas financing
15th October 2026 By: Reuters

US Treasury Secretary Scott Bessent issued a long list of demands for the World Bank in line with Trump administration interests, including ending the bank's prohibition on financing upstream oil... 


IMF MD Kristalina Georgieva
IMF chief warns energy shock, growing debt and AI risks threaten global growth
7th October 2026 By: Reuters

The global economy is under threat from persistently high energy prices, record public debt and risks from the AI investment boom, International Monetary Fund MD Kristalina Georgieva warned on... 


Iron-ore production
World Bank urges Guinea to use iron-ore to diversify economy
6th October 2026 By: Bloomberg

The World Bank has urged Guinea to use the revenues from the exploitation of the largest iron-ore reserve on earth to diversify and build a stronger economy. “The question we must ask ourselves is... 


IMF MD Kristalina Georgieva
IMF's Georgieva says global economy weathering energy shock, sees fiscal concerns
26th August 2026 By: Reuters

The global economy has weathered the Iran war energy shock better than feared, International Monetary Fund MD Kristalina Georgieva said on Tuesday, but she raised concerns about deteriorating... 


Gold bars
Ghana's GoldBod buyers hit by funding delays, sources say
24th August 2026 By: Reuters

Companies licensed to buy gold for Ghana's artisanal gold marketing agency GoldBod have not been paid for up to three weeks, forcing some operators to halt purchases or borrow to stay in business... 


A gold mine and plant in Ghana
Ghana's mineworkers demand release of $34.5m in trapped savings
20th August 2026 By: Reuters

Ghana's union of mineworkers delivered a petition to the central bank on Thursday to demand more than 380-million cedis ($34.55-million) they say they are owed and that have been frozen since a... 


Gold bars
Tanzania's central bank buys 28 t of gold over past 18 months for reserves
8th July 2026 By: Reuters

Tanzania's central bank has bought about 28 metric tons of gold over the past 18 months to bolster its international reserves and support the shilling currency, its Governor Emmanuel Tutuba said.... 


A gold bar produced in the DRC
Congo to start building gold reserves as price surges, central bank governor says
9th October 2025 By: Reuters

The Democratic Republic of Congo will start building gold reserves to bolster its currency and lift its economy, the central bank governor said, joining a rush in Africa and elsewhere to stockpile... 


diamond mine in Botswana
IMF recommends reforms as Botswana faces mining-induced fiscal pressure
29th September 2025 By: Marleny Arnoldi

The International Monetary Fund (IMF) has completed an Article IV consultation in Botswana, which found that the diamond sector is dragging the country’s economic growth down. After growing by... 


Diamonds being sorted
Lab-grown gems are robbing Botswana of its diamond riches
2nd September 2025 By: Bloomberg

Across Botswana the lines of patients outside government clinics are lengthening, construction companies dependent on state jobs are firing workers and university students are threatening to... 


BHP CEO Mike Henry says China and India demonstrate resilient economic and commodity demand growth.
BHP’s Henry sees resilient China, India commodity demand
19th August 2025 By: Mariaan Webb

Diversified mining major BHP Group expects demand for raw materials to remain strong despite global policy uncertainty, with CEO Mike Henry highlighting resilient growth in China and India and an... 


Mineral and Petroleum Resources Minister Gwede Mantashe
US lashing out because it is a declining empire – Mantashe
5th August 2025 By: Darren Parker

Mineral and Petroleum Resources Minister Gwede Mantashe has said the 30% tariffs imposed on South African exports to the US are a form of death throes aggression, alleging that it is a desperate... 


The flags of G20 countries
US eyes 'back to basics' revamp of G20 when it assumes presidency next year
18th July 2025 By: Reuters

The United States aims to pare the Group of 20 major economies back to its financial roots next year when it takes over the rotating presidency from South Africa, sources familiar with the Trump... 


AfDB approves SA green loan
18th July 2025 By: Darren Parker

The African Development Bank (AfDB) has approved a $474.6-million loan for South Africa's Infrastructure Governance and Green Growth Programme (IGGGP). This IGGGP is the second phase of the bank's... 


A gold nugget on dollar banknotes
Central banks eye gold, euro and yuan as dollar dominance wanes
24th June 2025 By: Reuters

The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China's yuan as the splintering of world trade and... 


 United Manganese of Kalahari CEO Malcolm Curror
Collaborative CSR is a national strategic imperative – UMK
13th June 2025 By: Sabrina Jardim

As South Africa faces mounting economic pressure, exacerbated most recently by the International Monetary Fund’s (IMF’s) latest downgrade, corporate social responsibility (CSR) is a strategic... 


Copper sheets being transported by rail in Zambia
Zambia seeks carmakers to make EV components near copper mines
9th June 2025 By: Bloomberg

Zambia has held talks with carmakers to entice suppliers to build electric vehicle (EV) components plants near its copper mines. “We have been talking, even last week when I was in Germany, telling... 


Haul trucks at a Debswana-owned mine
Botswana's Debswana curbs diamond production as weak demand persists
6th June 2025 By: Reuters

Botswana's Debswana Diamond Company is temporarily pausing production at some of its mines, cutting output in response to prolonged weakness in the global diamond market, it said on Friday. The... 


Algeria plans to allow foreign firms to mine for critical metals
4th June 2025 By: Bloomberg

Algeria is poised to allow wider foreign ownership of mines as the gas-rich nation looks to boost production of minerals including phosphate, iron ore and lithium to diversify its economy. New... 


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pqt: 0.028s - ct: 0.068s - 105pq - 2rq
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