IMF boss denies loan negotiations with Buhari

MANAGING Director of the International Monetary Fund (IMF), Christine Lagarde with President Buhari after their meeting at the Presidential villa (picture : Newsweek/reuters)

MANAGING Director of the International Monetary Fund (IMF), Christine Lagarde with President Buhari after their meeting at the Presidential villa (picture : Newsweek/reuters)

From EMEKA OKONKWO in Abuja, Nigeria

ABUJA, (CAJ News) – MANAGING Director of the International Monetary Fund (IMF), Christine Lagarde, has denied some reports she was negotiating a loan for the Nigeria.

The speculation follows a meeting she had with Nigeria President Muhammadu Buhari at the Presidential Villa in Abuja on Tuesday.

“I am not here to negotiate loan with conditionalities because Nigeria does not need a new IMF programme,” the IMF leader said.

She meanwhile said she had fruitful discussions with Buhari on the state of the Nigerian economy in the light of sliding oil prices.

Nigeria is the continent’s biggest producer of the commodity.

Lagarde said she also discussed how Nigeria could face the challenges associated with global economic downturn.

The meeting with the president also dwelled on Buhari’s fight against corruption and his commitment to transparency and accountability in governance.

Lagarde said the IMF viewed Nigeria, the continent’s biggest economy and most populous country, as a key player in global financial structure.

“The ongoing reforms in the country will definitely have a great impact on Nigeria’s neighbours,” she said.

CAJ News

Short URL: http://cajnewsafrica.com/?p=10779

Posted by on Jan 6 2016. Filed under Africa & World, Featured, Finance, National, News, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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