Nigeria, Others To Benefit As IMF Unveils b Fund

Nigeria, Others To Benefit As IMF Unveils $45b Fund

This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. OLIVIER DOULIERY / AFP

 

The IMF plans to raise at least $45 billion for a new trust to help “low-income and vulnerable middle-income countries” cope with protracted challenges like pandemics and climate change, it announced Wednesday. 

According to the World Bank collection of development indicators, Nigeria is among lower-middle-income countries with a gross national income (GNI) per capita of $2,157 in 2019.

The Washington-based crisis lender’s Resilience and…

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