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Showing posts with label BUSINESS. Show all posts
Showing posts with label BUSINESS. Show all posts

Thursday, October 15, 2020

WORLD BANK BILLED TO SUPPORT FRAGILE NATIONS WITH OVER $50BN GRANTS IN 2021

UN WOMEN COLLABORATE WITH, STANDARD BANK FOR WOMEN FARMERS SUCCESS.

HOW ATIKU FIRM SACKED 600 WORKERS

VITAFOAM TO WIDEN CUSTOMER'S BASE, IMPROVED NIGERIAN HEALTHY LIVING.

CROWN FLOUR-MILL PLEDGES CONTINUOS HIGH QUALITY FLOUR PRODUCTION IN SUPPORT OF WORLD BREAD-DAY

IMF LISTS ROADMAP FOR EMERGING ECONOMIES RECOVERY POST COVID-19 By Peter Egwuatu In od revive growth and job creation, the International Monetary Fund, IMF has listed some recovery measures to be taken by emerging countries which include Nigeria and other low income economies to include reprioritizing spending and enhancing its efficiency for recovery. The Fund disclosed this on Wednesday in its fiscal monitor policies for the recovery report stressing that there were countries often low-income developing countries, many in sub-Saharan Africa with no access to international financial markets. “These countries were facing binding constraints on their ability to put public finances and state capacity at the service of growth and development” The IMF added. Commenting on the post-pandemic reset, the report states: “Looking ahead, countries will need to make it a priority to invest in health care systems and education. They should also strengthen social safety nets to ensure that all people have access to food and other basic goods and services. As economies begin to recover, governments should seize this moment to move away from the pre-crisis growth model and accelerate the transition to a low-carbon and digital economy. “As economies begin to recover, governments should seize this moment to move away from the pre-crisis growth model and accelerate the transition to a low-carbon and digital economy. Carbon pricing should be a key feature of this transition, because it encourages people to reduce energy use and shift to cleaner alternatives—and, moreover, it generates revenue that can be used in part to support the most vulnerable.” Vitor Gaspar, Director of the Fiscal Affairs Department of the IMF said: “As economies tentatively reopen, but uncertainty about the course of the pandemic remains, governments should ensure that fiscal support is not withdrawn too rapidly. However, it should become more selective and avoid standing in the way of n