Cover IMF Staff Country Reports
Nigeria: First Review Under the Policy Support Instrument
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2006: Issue 180
Language:
English
Publication Date:
18 May 2006
DOI:
https://doi.org/10.5089/9781451829013.002
ISBN:
9781451829013
ISSN:
1934-7685
Pages:
69
Keywords:
ISCR; CR; policy implementation; monetary policy; sector GDP growth; crude oil oil production; staff appraisal; reform agenda; Oil; gas and mining taxes; Tariffs; Global
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This First Review Under the Policy Support Instrument (PSI) for Nigeria reports that structural reforms are proceeding in line with the National Economic Empowerment and Development Strategy. The authorities’ commitments under the PSI primary objectives of the economic reform program include entrenching macroeconomic stability, strengthening public financial management, and reducing the costs of doing business. The Central Bank of Nigeria has developed plans to invest some of its international reserves in higher yield financial assets, and allow domestic banks to bid to be custodians for the investments.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2006: Issue 180