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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration, Fund Profile/New Launches

Nigeria monetary policy must target inflation: IMF

Posted on 25 November 2010

From Reuters: Monetary policy in Nigeria should be geared toward lowering “stubbornly high” inflation to single digits, a senior International Monetary Fund official said on Wednesday. Legislation to create a sovereign wealth fund in which oil profits will be saved will be sent to the National Assembly next week.
IMF mission chief to Nigeria, Scott Rogers, said in a statement after annual talks with the government that the IMF supported the authorities’ plans to cut the fiscal deficit for 2011-13, because it would help shore up falling international reserves and lower inflation……………………………………….Full Article: Source


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