{"id":346497,"date":"2024-11-22T07:14:01","date_gmt":"2024-11-22T06:14:01","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=346497"},"modified":"2024-11-22T07:14:01","modified_gmt":"2024-11-22T06:14:01","slug":"imf-commends-tinubus-economic-reforms","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/11\/22\/imf-commends-tinubus-economic-reforms\/","title":{"rendered":"IMF Commends Tinubu\u2019s Economic Reforms"},"content":{"rendered":"<ul class=\"marker:text-textOff list-disc pl-8\">\n<li><strong>IMF Managing Director Kristalina Georgieva praised President Tinubu&#8217;s economic reforms, emphasizing the Fund&#8217;s commitment to supporting Nigeria&#8217;s recovery efforts<\/strong><\/li>\n<li><strong>Georgieva highlighted the importance of social investment programs to alleviate the impact of reforms on vulnerable populations during their meeting<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>The Managing Director of the<a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/11\/22\/tinubu-pledges-support-for-nigerias-poor-in-meeting-with-imf-chief\/\"> International Monetary Fund (IMF)<\/a>, Kristalina Georgieva, has praised the economic reforms implemented by President Bola Ahmed Tinubu\u2019s administration. She made the remarks during a courtesy meeting with the President on the sidelines of the G20 Leaders\u2019 Summit in Brazil.<\/p>\n<p>Georgieva highlighted the IMF&#8217;s commitment to supporting Nigeria&#8217;s economic recovery, particularly through the federal government\u2019s social investment programs aimed at alleviating the effects of reforms on vulnerable populations.<\/p>\n<p>She affirmed the IMF\u2019s readiness to provide technical assistance for Nigeria\u2019s budgeting process to optimize outcomes from financial resources and loans.<\/p>\n<p>The IMF chief acknowledged the global economic shocks caused by the pandemic and underscored the importance of building resilient institutions in developing countries.<\/p>\n<p>She emphasized the need for nations like Nigeria to benefit from IMF programs that align with their priorities. Georgieva also advocated strengthening regional economic ties and assured that the IMF is prepared to support this process.<\/p>\n<p>President Tinubu acknowledged the challenges Nigerians face due to the reforms, including weakened purchasing power, but reiterated his administration\u2019s commitment to mitigating these effects through targeted social safety nets.<\/p>\n<p><em>\u201cWe have started seeing positive results from our reforms, and Nigerians now understand their necessity. However, we must reduce the hardships caused by their implementation,\u201d<\/em> Tinubu stated.<\/p>\n<p>The President also stressed the importance of education as a pathway out of poverty, highlighting efforts to ensure children remain in school.<\/p>\n<p><em>\u201cWe are designing incentives to keep children in school because education is the key to ending hunger and poverty. We need your support to achieve this,\u201d<\/em> Tinubu said.<\/p>\n<p>In addition to addressing social challenges, Tinubu noted the government\u2019s focus on tax reforms and substantial investments in infrastructure to drive sustainable growth.<\/p>\n<p>The President congratulated Georgieva on her re-election as IMF Managing Director and thanked her for the Fund\u2019s support in advancing Nigeria\u2019s economic agenda.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IMF Managing Director Kristalina Georgieva praised President Tinubu&#8217;s economic reforms, emphasizing the Fund&#8217;s commitment to supporting Nigeria&#8217;s recovery efforts Georgieva highlighted the importance of social investment programs to alleviate the impact of reforms on vulnerable populations during their meeting The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has praised the economic reforms [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":346499,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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