IMF Boss to Meet President Buhari

lagaardInternational Monetary Fund (IMF) boss, Ms. Christine Lagarde is set to meet President Buhari.  The IMF Managing Director will visit Nigeria during January 4–9, 2016 and will meet with President Buhari as well as engaging with policy makers and other stakeholders to underline the IMF’s strong relationship with its African member countries.

The visit to Nigeria will provide an opportunity to strengthen the Fund’s partnership with the largest economy in sub-Saharan Africa. In Abuja, Ms. Lagarde will meet with President Muhammadu Buhari and other senior leaders, along with business leaders, prominent women, and representatives of civil society. She will also meet with legislators.

“I look forward to productive meetings with President Buhari and his colleagues as they address important economic challenges, most importantly the impact of low oil prices,” Ms Lagarde said in a statement released by IMF.

This visit may be seen as an acknowledgement of Buhari’s efforts to jump-start Africa’s largest economy as well as the much publicised campaign to tackle the endemic corruption that has stunted public investment in infrastructure and security.

Other agendas for discussion will undoubtedly be the recent budget for 2016, forecasting a doubling of the deficit to 2.2 trillion naira and the tripling of capital expenditure; the falling oil prices and the Boko Haram insurgency which is an ongoing concern for foreign investors.

 

Ms. Lagarde said ahead of her trip. “Nigeria is working hard to improve its business environment, promote opportunities for growth in the private sector, and strengthen social cohesion, all areas where the government has an important role to play.”

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