Nigeria : Third Review Under the Policy Support Instrument: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Nigeria.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2007/263

IMF Staff Country Reports

Language:

English

Subjects (All):

International Monetary Fund--Nigeria.

International Monetary Fund.

Fiscal policy--Nigeria.

Fiscal policy.

Monetary policy--Nigeria.

Monetary policy.

Physical Description:

1 online resource (71 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2007.

Language Note:

English

Summary:

This paper examines Nigeria’s Third Review Under the Policy Support Instrument. Robust growth, lower inflation, a dramatic decline in debt, and an accumulation of significant reserves are among the notable economic achievements. It will be important to consolidate and institutionalize these gains as the foundations for sustained and improved economic performance. Non-oil growth accelerated and its prospects are promising. Inflation remained in line with the single-digit program target owing to a likely increase in confidence and money demand.

Contents:

Cover; Contents; Executive Summary; I. Policy Setting; II. Maintaining Macroeconomic Stability; A. Managing Fiscal Developments; B. Strengthening Monetary Policy Implementation; Boxes; 1. Monetary Statistics; III. Safeguarding Wealth Through Asset and Liability Management; 2. Key Issues Raised by the Workshop on Oil Savings and the Infrastructure Gap; IV. Consolidating Structural Reforms; V. PSI Issues; VI. Staff Appraisal; Tables; 1. Selected Economic Indicators 2004-09; 2a. Consolidated Government (Cash Basis), 2004-09; 2b. Federal Government Budget, 2005-07

2c. Consolidated and Federal Government, 2004-093a Central Bank of Nigeria (CBN) Analytical Quarterly Balance Sheet, 2004-07; 3b. Monetary Survey, 2004-07; 4. Balance of Payments, 2004-10; 5. Non-oil Savings-Investment Balances, 2004-09; 6. Quantitative Assessment Criteria and Indicative Targets, 2006; 7. Selected Millennium Development Goals; 8a. Structural Assessment Criteria for the 3rd Review, and Structural Benchmarks until April 2007; 8b. Structural Assessment Criteria for the 4th Review and Structural Benchmarks for May-June, 2007; Appendix; I. The Authorities' Letter

Attachment I. Policy StatementAttachment II. Technical Memorandum of Understanding (TMU); Annexes; I. Relations with the Fund; II. Relations with the World Bank; III. Statistical Issues

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF copyright page (ebrary, viewed July 03, 2015).

ISBN:

9786613748881

9781462388684

146238868X

9781451988901

1451988907

9781280977275

1280977272

9781452787114

1452787115