Reps, IMF meet over recession, 2017 budget

Reps, IMF meet over recession, 2017 budget

The International Monetary Fund (IMF) and the members of the House of Representatives meet on Thursday over the biting economic recession and the 2017 budget.
The IMF team led by Mr. Amine Mati, Senior Resident Representative, African Department, during an interactive session with the joint House Committee on Finance, Appropriation and Aids, Loans and Debt Management, expressed its readiness to provide necessary support for the ailing Nigerian economy.
Mati said the IMF conducts annual economic assessment for all member countries to look at the challenges and assess the economic situation.
He said: “We discuss with the governments what are their policy initiatives. We actually discuss with all stakeholders, which is why it is important to come and talk to you, the Senate, civil societies, private entities, banks, financial and non-financial entities to try to get a sense of what is happening in the economy and try to assess the situation, discuss the outlook and then have some policy recommendations for discussion.
“This is an assessment that is done every year. We are trying to finish this mission next week and then hopefully present the report to our board on March 24 and then the report will become public.”

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