European Parliament Library

Nigeria :, 2010: Article IV Consultation-Staff Report; Debt Sustainability Analysis; Informational Annex; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Nigeria

In this study, economic growth and development of Nigeria after the crisis is discussed. Nigeria’s economy is projected to grow by 7 percent in 2011. Near-term risks to growth mostly relate to domestic factors. Nigeria’s strong external position and low debt helped mitigate the impact of the global financial crisis. Conflicting objectives of monetary policy and policy framework should focus more on price stability. Establishment of an asset management corporation to clean up the bank balance sheet is encouraged
Table Of Contents
Cover; Executive Summary; Contents; I. Context: Rapid Growth, High Inflation, Low Interest Rates, and Declining Reserves; Boxes; 1. Assessment of the Real Exchange Rate Level for Nigeria; II. Positive Growth Outlook and Balanced Risks; III. Policy Discussions: Rebuilding Buffers and Restoring Financial Stability; A. Using Fiscal Policy to Rebuild Safety Buffers and Support Monetary Policy; B. Nigerian Sovereign Investment Authority; C. Clarifying the Objectives of Monetary and Exchange Rate Policy; 2. CBN Development Finance Initiatives
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (74 p.)
Specific Material Designation
Form Of Item

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