Checkout Magazine learnt last night that the International Monetary Fund (IMF) is still poised to grant credit facilities to Nigeria and other emerging economies within its membership.
While speaking at an online media parley in Washington DC, United States (U.S.), the IMF said the facilities would come through its financial safety nets.
According to the IMF, the loans are expected to ensure member countries from losing their financial security or deviating from long-term financial goals.
It repeated the importance of strengthening the global financial safety net and ensuring that countries have access to support.
In the transcript posted on its website, IMF called for actions to strengthen policy frameworks and reduce vulnerabilities in monetary policy, fiscal policy, and financial business support emphasise the importance of the global financial safety net, and countries having access to that as appropriate, including, of course, support from the IMF, which we stand ready to provide as needed by our membership,” it said.
