Nigeria : 2016 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for Nigeria

This paper discusses outlook and risk for Nigeria. Its economy has been hit hard by global developments that have aggravated longstanding development weaknesses. Macrofinancial outcomes are closely linked with the price of oil. Policy uncertainty has amplified the impact of global developments. The...

Full description

Corporate Author: International Monetary Fund African Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016, 2016
Series:IMF Staff Country Reports; Country Report
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 01851nmm a2200325 u 4500
001 EB001309154
003 EBX01000000000000000893766
005 00000000000000.0
007 cr|||||||||||||||||||||
008 161223 ||| eng
020 |z 9781484320037 
020 |a 9781484320037 
020 |a 1484320034 
245 0 0 |a Nigeria  |h electronic resource  |b 2016 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for Nigeria 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2016, 2016 
300 |a 88 p. 
651 4 |a Nigeria 
651 4 |a Sub-Saharan Africa 
653 |a Exchange 
653 |a Monetary fund 
653 |a Exchange rate 
710 2 |a International Monetary Fund  |b African Dept 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Staff Country Reports; Country Report 
028 5 0 |a 10.5089/9781484320037.002 
856 |u http://elibrary.imf.org/view/IMF002/23331-9781484320037/23331-9781484320037/23331-9781484320037.xml  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a This paper discusses outlook and risk for Nigeria. Its economy has been hit hard by global developments that have aggravated longstanding development weaknesses. Macrofinancial outcomes are closely linked with the price of oil. Policy uncertainty has amplified the impact of global developments. The large permanent terms-of-trade shock requires a significant macroeconomic adjustment. It is important to initiate urgently an integrated package of policies centered on a fundamental change in the nature of government; reducing external imbalances (including real exchange rate realignment); further safeguarding the resilience and improving the efficiency of the banking sector; and implementing structural reforms for inclusive growth