Nigeria : 2013 Article IV Consultation, Staff Report, Press Release and Statement by the Executive Director for Nigeria.
"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 st...
Clasificación: | Libro Electrónico |
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Autor Corporativo: | |
Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
Washington, D.C. :
International Monetary Fund,
©2014.
©2014 |
Colección: | IMF country report ;
no. 14/103. |
Temas: | |
Acceso en línea: | Texto completo |
MARC
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245 | 0 | 0 | |a Nigeria : |b 2013 Article IV Consultation, Staff Report, Press Release and Statement by the Executive Director for Nigeria. |
246 | 1 | |i Title from p. 2 of pdf: |a Nigeria, staff report for the 2013 Article IV consultation | |
260 | |a Washington, D.C. : |b International Monetary Fund, |c ©2014. | ||
264 | 4 | |c ©2014 | |
300 | |a 1 online resource (103 pages) : |b color illustrations | ||
336 | |a text |b txt |2 rdacontent | ||
337 | |a computer |b c |2 rdamedia | ||
338 | |a online resource |b cr |2 rdacarrier | ||
490 | 1 | |a IMF country report ; |v no. 14/103 | |
588 | 0 | |a Online resource; title from pdf title page (IMF Web site, viewed Arp. 24, 2014). | |
500 | |a "April 2014." | ||
500 | |a "February 6, 2014"--Page 2 of pdf | ||
520 | |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 | ||
505 | 0 | |a Cover; CONTENTS; CONTEXT; RECENT ECONOMIC DEVELOPMENTS AND OUTLOOK; A. Recent Economic and Policy Developments; B. Medium-Term Outlook and Risks; C. Inward and Outward Spillovers; ADDRESSING OIL THEFT/PRODUCTION LOSSES; STRONG ECONOMIC MANAGEMENT, NOTWITHSTANDING THE POLITICAL CYCLE; A. Preserving Fiscal Consolidation Through the Political Cycle; B. Monetary, Financial, and Exchange Rate Policies; C. Improving Competitiveness and Productivity; STAFF APPRAISAL; TABLES; 1. Millennium Development Goals, 1990-11; 2. Selected Economic and Financial Indicators, 2012-18. | |
505 | 8 | |a 3. Balance of Payments, 2010-164a. Federal Government Operations, 2010-16; 4b. Consolidated Government, 2010-16; 4c. Government Operations, 2010-16; 4d. State and Local Governments, 2011-16; 4e. Extrabudgetary Funds (including ECA/SWF), 2011-16; 5a. Central Bank of Nigeria (CBN) Analytical Balance Sheet, 2011-16; 5b. Monetary Survey, 2011-16; 6. Financial Soundness Indicators: 2011-13; 7. Risk Assessment Matrix (RAM); FIGURES; 1. Real Sector Development, 2005-13; 2. External and Exchange Rate Developments, 2010-13; 3. Fiscal Developments, 2001-13. | |
505 | 8 | |a 4. Monetary and Financial Developments, 2010-135. Key Indicators of the Oil Sector, 2005-12; 6. Oil Price Shock, 2013-18; 7. Fiscal Expansion, 2013-18; 8. Vulnerabilities in the Oil Sector, 2013-18; BOXES; 1. Authorities' Response to Past IMF Policy Recommendations; 2. Strengthening the Monitoring and Reconciliation of Oil Revenue Flows; 3. The Challenge of Fiscal Federalism in Nigeria; 4. Follow-up on the 2012 FSAP Recommendations; APPENDICES; I. Changing Trends in Oil Markets?; II: Gross Domestic Product (GDP) Rebasing and Implications; III. Oil Theft in Nigeria and Proposed Countermeasures. | |
505 | 8 | |a IV. Estimates of the Sustainable Non-Oil Primary DeficitV. External Sector Assessment; VI. Tracking Job Creation; VII. Trade Policy and Competitiveness: Agriculture in Nigeria; CONTENTS; FUND RELATIONS; JOINT WORLD BANK-IMF WORK PROGRAM, 2013-14; STATISTICAL ISSUES. | |
546 | |a English. | ||
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776 | 0 | 8 | |i Print version: |a International Monetary Fund. |t Nigeria : 2013 article IV consultation, staff report; press release and statement by the executive director for Nigeria. |d Washington, District of Columbia : International Monetary Fund, ©2014 |h approximately 104 pages |k IMF Country Report ; Number 14/103 |z 9781484357903 |
830 | 0 | |a IMF country report ; |v no. 14/103. | |
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