29.02.2012 - Nigeria: IMFwelcomes establishment of SWF
The International Monetary Fund (IMF) has said it welcomed the establishment of the Sovereign Wealth Fund (SWF), stressing that a rule-based approach to setting the oil-price benchmark will strengthen the budgetary process and operation of the Fund. The IMF also stated that growth would be robust this year but with inflation rising temporarily due to the increase in prices of fuel. It however pointed out that the main downside risks to the short-term outlook were “a further deterioration in the global environment and an exacerbation of current violence in northern Nigeria.”..............................................Full Article: Source
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