Nigeria: 2013 Article IV Consultation, Staff Report, Press Release and Statement by the Executive Director for Nigeria = Nigeria, staff report for the 2013 Article IV consultation
Saved in:
| Format: | Electronic eBook |
|---|---|
| Language: | English |
| Published: |
Washington, D.C.
International Monetary Fund
2014
|
| Series: | IMF country report
no. 14/103 |
| Subjects: | |
| Online Access: | FLA01 |
| Item Description: | Online resource; title from pdf title page (IMF Web site, viewed Arp. 24, 2014). - "April 2014.". - "February 6, 2014"--Page 2 of pdf |
| Physical Description: | 1 online resource (103 pages) color illustrations |
| ISBN: | 9781475590104 1475590105 |
Staff View
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| 505 | 8 | |a "Despite recent strong non-oil growth, poverty and income inequality remain high and social and governance indicators are below averages for sub-Saharan Africa. Structural reforms under the Transformation Agenda are ongoing, but significant infrastructure gaps and weak institutional capacity still retard growth prospects. At the same time, vulnerabilities are rising in the buildup to general elections in 2015 and fiscal buffers have been reduced. Meanwhile, GDP is being rebased and structural shifts may suggest a refocus in some policy areas. Outlook and Risks. Growth is expected to remain strong, driven by agriculture, trade, and services. Inflation should continue to decline, in line with a tight monetary policy, and a lowering trend in food prices from higher rice and wheat production. Key downside risks are (i) persistently lower oil revenue from changing global dynamics and lower domestic production; (ii) less prudent fiscal policy through the ongoing political cycle; (iii) ongoing security problems in the North; (iv) uncertainty about the pace of global recovery; and (v) capital flow reversals from the expected unwinding of unconventional monetary policy (UMP) in the advanced economies or increased domestic political risk. Addressing oil theft/production losses. In the event of persistent pressures, the naira should be allowed to adjust and reserve adequacy maintained. Improving competitiveness and productivity to generate inclusive growth will require wide-ranging structural reforms. Three key areas could help promote inclusive growth - increasing the delivery of power, broadening the agricultural production base, and increasing access to finance for SMEs. Support for sectoral growth should be underpinned by improvements in competitiveness rather than by protectionist measures"--Abstract | |
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| contents | "Despite recent strong non-oil growth, poverty and income inequality remain high and social and governance indicators are below averages for sub-Saharan Africa. Structural reforms under the Transformation Agenda are ongoing, but significant infrastructure gaps and weak institutional capacity still retard growth prospects. At the same time, vulnerabilities are rising in the buildup to general elections in 2015 and fiscal buffers have been reduced. Meanwhile, GDP is being rebased and structural shifts may suggest a refocus in some policy areas. Outlook and Risks. Growth is expected to remain strong, driven by agriculture, trade, and services. Inflation should continue to decline, in line with a tight monetary policy, and a lowering trend in food prices from higher rice and wheat production. Key downside risks are (i) persistently lower oil revenue from changing global dynamics and lower domestic production; (ii) less prudent fiscal policy through the ongoing political cycle; (iii) ongoing security problems in the North; (iv) uncertainty about the pace of global recovery; and (v) capital flow reversals from the expected unwinding of unconventional monetary policy (UMP) in the advanced economies or increased domestic political risk. Addressing oil theft/production losses. In the event of persistent pressures, the naira should be allowed to adjust and reserve adequacy maintained. Improving competitiveness and productivity to generate inclusive growth will require wide-ranging structural reforms. Three key areas could help promote inclusive growth - increasing the delivery of power, broadening the agricultural production base, and increasing access to finance for SMEs. Support for sectoral growth should be underpinned by improvements in competitiveness rather than by protectionist measures"--Abstract |
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| discipline | Wirtschaftswissenschaften |
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| spelling | Nigeria 2013 Article IV Consultation, Staff Report, Press Release and Statement by the Executive Director for Nigeria = Nigeria, staff report for the 2013 Article IV consultation Nigeria, staff report for the 2013 Article IV consultation Washington, D.C. International Monetary Fund 2014 2014 1 online resource (103 pages) color illustrations txt rdacontent c rdamedia cr rdacarrier IMF country report no. 14/103 Online resource; title from pdf title page (IMF Web site, viewed Arp. 24, 2014). - "April 2014.". - "February 6, 2014"--Page 2 of pdf "Despite recent strong non-oil growth, poverty and income inequality remain high and social and governance indicators are below averages for sub-Saharan Africa. Structural reforms under the Transformation Agenda are ongoing, but significant infrastructure gaps and weak institutional capacity still retard growth prospects. At the same time, vulnerabilities are rising in the buildup to general elections in 2015 and fiscal buffers have been reduced. Meanwhile, GDP is being rebased and structural shifts may suggest a refocus in some policy areas. Outlook and Risks. Growth is expected to remain strong, driven by agriculture, trade, and services. Inflation should continue to decline, in line with a tight monetary policy, and a lowering trend in food prices from higher rice and wheat production. Key downside risks are (i) persistently lower oil revenue from changing global dynamics and lower domestic production; (ii) less prudent fiscal policy through the ongoing political cycle; (iii) ongoing security problems in the North; (iv) uncertainty about the pace of global recovery; and (v) capital flow reversals from the expected unwinding of unconventional monetary policy (UMP) in the advanced economies or increased domestic political risk. Addressing oil theft/production losses. In the event of persistent pressures, the naira should be allowed to adjust and reserve adequacy maintained. Improving competitiveness and productivity to generate inclusive growth will require wide-ranging structural reforms. Three key areas could help promote inclusive growth - increasing the delivery of power, broadening the agricultural production base, and increasing access to finance for SMEs. Support for sectoral growth should be underpinned by improvements in competitiveness rather than by protectionist measures"--Abstract International Monetary Fund fast International Monetary Fund Nigeria BUSINESS & ECONOMICS / Industries / General bisacsh Debts, External fast Economic development fast Economic indicators fast Economic policy fast Fiscal policy fast Structural adjustment (Economic policy) fast Economic development Nigeria Fiscal policy Nigeria Debts, External Nigeria Structural adjustment (Economic policy) Nigeria Economic indicators Nigeria International Monetary Fund Sonstige oth Erscheint auch als Druck-Ausgabe International Monetary Fund Nigeria : 2013 article IV consultation, staff report; press release and statement by the executive director for Nigeria Washington, District of Columbia : International Monetary Fund, 2014 approximately 104 pages IMF Country Report ; Number 14/103 9781484357903 |
| spellingShingle | Nigeria 2013 Article IV Consultation, Staff Report, Press Release and Statement by the Executive Director for Nigeria = Nigeria, staff report for the 2013 Article IV consultation "Despite recent strong non-oil growth, poverty and income inequality remain high and social and governance indicators are below averages for sub-Saharan Africa. Structural reforms under the Transformation Agenda are ongoing, but significant infrastructure gaps and weak institutional capacity still retard growth prospects. At the same time, vulnerabilities are rising in the buildup to general elections in 2015 and fiscal buffers have been reduced. Meanwhile, GDP is being rebased and structural shifts may suggest a refocus in some policy areas. Outlook and Risks. Growth is expected to remain strong, driven by agriculture, trade, and services. Inflation should continue to decline, in line with a tight monetary policy, and a lowering trend in food prices from higher rice and wheat production. Key downside risks are (i) persistently lower oil revenue from changing global dynamics and lower domestic production; (ii) less prudent fiscal policy through the ongoing political cycle; (iii) ongoing security problems in the North; (iv) uncertainty about the pace of global recovery; and (v) capital flow reversals from the expected unwinding of unconventional monetary policy (UMP) in the advanced economies or increased domestic political risk. Addressing oil theft/production losses. In the event of persistent pressures, the naira should be allowed to adjust and reserve adequacy maintained. Improving competitiveness and productivity to generate inclusive growth will require wide-ranging structural reforms. Three key areas could help promote inclusive growth - increasing the delivery of power, broadening the agricultural production base, and increasing access to finance for SMEs. Support for sectoral growth should be underpinned by improvements in competitiveness rather than by protectionist measures"--Abstract International Monetary Fund fast International Monetary Fund Nigeria BUSINESS & ECONOMICS / Industries / General bisacsh Debts, External fast Economic development fast Economic indicators fast Economic policy fast Fiscal policy fast Structural adjustment (Economic policy) fast Economic development Nigeria Fiscal policy Nigeria Debts, External Nigeria Structural adjustment (Economic policy) Nigeria Economic indicators Nigeria |
| title | Nigeria 2013 Article IV Consultation, Staff Report, Press Release and Statement by the Executive Director for Nigeria = Nigeria, staff report for the 2013 Article IV consultation |
| title_alt | Nigeria, staff report for the 2013 Article IV consultation |
| title_auth | Nigeria 2013 Article IV Consultation, Staff Report, Press Release and Statement by the Executive Director for Nigeria = Nigeria, staff report for the 2013 Article IV consultation |
| title_exact_search | Nigeria 2013 Article IV Consultation, Staff Report, Press Release and Statement by the Executive Director for Nigeria = Nigeria, staff report for the 2013 Article IV consultation |
| title_full | Nigeria 2013 Article IV Consultation, Staff Report, Press Release and Statement by the Executive Director for Nigeria = Nigeria, staff report for the 2013 Article IV consultation |
| title_fullStr | Nigeria 2013 Article IV Consultation, Staff Report, Press Release and Statement by the Executive Director for Nigeria = Nigeria, staff report for the 2013 Article IV consultation |
| title_full_unstemmed | Nigeria 2013 Article IV Consultation, Staff Report, Press Release and Statement by the Executive Director for Nigeria = Nigeria, staff report for the 2013 Article IV consultation |
| title_short | Nigeria |
| title_sort | nigeria 2013 article iv consultation staff report press release and statement by the executive director for nigeria nigeria staff report for the 2013 article iv consultation |
| title_sub | 2013 Article IV Consultation, Staff Report, Press Release and Statement by the Executive Director for Nigeria = Nigeria, staff report for the 2013 Article IV consultation |
| topic | International Monetary Fund fast International Monetary Fund Nigeria BUSINESS & ECONOMICS / Industries / General bisacsh Debts, External fast Economic development fast Economic indicators fast Economic policy fast Fiscal policy fast Structural adjustment (Economic policy) fast Economic development Nigeria Fiscal policy Nigeria Debts, External Nigeria Structural adjustment (Economic policy) Nigeria Economic indicators Nigeria |
| topic_facet | International Monetary Fund International Monetary Fund Nigeria BUSINESS & ECONOMICS / Industries / General Debts, External Economic development Economic indicators Economic policy Fiscal policy Structural adjustment (Economic policy) Economic development Nigeria Fiscal policy Nigeria Debts, External Nigeria Structural adjustment (Economic policy) Nigeria Economic indicators Nigeria |
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