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  • IMF warns against central banks’ fiscal deficit financing
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    IMF warns against central banks’ fiscal deficit financing

    ...says Nigeria’s growth rebound hinges on revenue mobilisation, power, FX reforms

    The International Monetary Fund (IMF) has warned again on Thursday that Central Banks’ continued fiscal deficit financing may backfire leading to high inflation levels and distortions in the monetary policy process. With widening fiscal needs, and limited finance, a few sub-Saharan African countries tapped their central banks in 2020 to help fund their crisis spending,…

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