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Nairaland Forum / Nairaland / General / Business / NIGERIA, Other African Nations To Suffer Pain Of Rising Food, Fuel Price-imf (174 Views)
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NIGERIA, Other African Nations To Suffer Pain Of Rising Food, Fuel Price-imf by NAIJASTANDARD71: 12:58am On Mar 12, 2022 |
TOUGH TIMES COMING: NIGERIA, other African Nations will suffer pain of Rising Food, Higher Fuel Prices over ongoing Russia/Ukraine War-International Monetary Fund …Crisis will undo gains of Africa’s post COVID-19 economic recovery *‘Africa is vulnerable to impact from the Ukraine war through four main channels: increased food prices, higher fuel prices, lower tourism revenues, and potentially more difficulty accessing international capital markets’ *‘IMF has stand-by Fund to help African countries address the repercussions of the war, help design, implement reforms through our policy advice, capacity development, and lending’ *“The Ukraine war and the unprecedented sanctions imposed on Russia are having far-reaching consequences. They come at a delicate time for Africa”-Kristalina Georgieva- IMF managing director https://nigeriastandardnewspaper.com/ng/tough-times-coming-nigeria-other-african-nations-will-suffer-pain-of-rising-food-higher-fuel-prices-over-ongoing-russia-ukraine-war-international-monetary-fund-crisis-will-undo-gains-of-af/
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Re: NIGERIA, Other African Nations To Suffer Pain Of Rising Food, Fuel Price-imf by NAIJASTANDARD71: 12:59am On Mar 12, 2022 |
May God help us in Africa...so, how will the masses survive? |
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