Global Lenders Raise Pressure on Nigeria to Reform Currency
- IMF joins World Bank in calls for exchange-rate flexibility
- ‘Under current policies, the outlook is challenging,’ IMF says
A cashier counts naira banknotes in a store in Abuja.
Photographer: KC Nwakalor/BloombergThis article is for subscribers only.
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The International Monetary Fund and World Bank have intensified calls on Nigeria to speed up currency reforms without which Africa’s largest economy may fail to achieve the growth it needs to prevent millions more from falling into penury.