A History of the IMF-Nigeria Relations Since the 1970s

Abuoma C. Agajelu, Nwachukwu J. Obiakor, Leo O. Nnoli

Abstract


Though the International Monetary Fund (IMF) has been in existence since the end of the World War II, it became a reoccurring name in any discussion of the African trade and finance from the late 1970s and early 1980s when the devastating effects of the economic recession affected the African, and indeed other third world countries’ foreign exchange earnings. Dwindling foreign exchange earnings resulted in balance of payment deficits and it is the IMF’s responsibility to provide loans to enable recipient countries overcome short-term balance of payments deficits.


Full Text:

PDF

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Publisher

EduPedia Publications Pvt Ltd, D/351, Prem Nanar-3, Suleman Nagar, Kirari, Nagloi, New Delhi PIN-Code 110086, India Through Phone Call us now: +919958037887 or +919557022047

All published Articles are Open Access at https://edupediapublications.org/journals/


Paper submission: editor@edupediapublications.com or edupediapublications@gmail.com

Editor-in-Chief       editor@edupediapublications.com

Mobile:                  +919557022047 & +919958037887

Websites   https://edupediapublications.org/journals/.

Journals Maintained and Hosted by

EduPedia Publications (P) Ltd in Association with Other Institutional Partners

http://edupediapublications.org/

Pen2Print and IJR are registered trademark of the Edupedia Publications Pvt Ltd.