European Parliament Library

Nigeria :, Staff Report for the 2011 Article IV Consultation

Abstract
The Nigerian economy remained strong, with a non-oil real GDP of 8.3 percent and an overall real GDP of 6.7 percent. A modest fiscal consolidation took place in 2011 as a response to the substantial monetary tightening by the Central Bank of Nigeria and moderation of food prices. Banks showed continued improvement in financial stability. Executive Directors commended the authorities for countercyclical policies. However, they emphasized the need for policies that safeguard macroeconomic stability and ensure inclusive growth
Table Of Contents
""Cover""; ""CONTENTS""; ""INTRODUCTION""; ""ECONOMIC CONTEXT""; ""A. Recent Economic Developments""; ""B. Outlook and Risks""; ""REBUILDING FISCAL BUFFERS""; ""CONTROLLING HIGH INFLATION AND FOREIGN EXCHANGE PRESSURES""; ""RESTORING FINANCIAL SYSTEM STABILITY""; ""REFORMS AGENDA""; ""A. Oil Wealth Management""; ""B. Policies for Promoting Competitiveness and Inclusive Growth""; ""STAFF APPRAISAL""; ""TABLES""; ""1. Selected Economic and Financial Indicators, 2007�15""; ""2. Balance of Payments, 2009�15""; ""3a. Federal Government Operations, 2009�2015""
Language
eng
Literary Form
non fiction
Note
"July 2012."
Physical Description
1 online resource (81 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781475536638

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