Cardoso says Nigerian reforms make economy more resilient
By the AFREEQUE newsroom, based on Businessday
Olayemi Cardoso, governor of the Central Bank of Nigeria, said monetary and foreign exchange market reforms were making the country more resilient to economic shocks and encouraging investment. He spoke during a debate at the IMF annual meetings in Bangkok on the resilience of the global economy, BusinessDay reported.
Olayemi Cardoso, governor of the Central Bank of Nigeria, believes that monetary reforms and foreign exchange market reforms have strengthened the country’s ability to withstand external economic shocks. He also said they were creating opportunities to attract investment and diversify foreign currency earnings, BusinessDay reported.
Cardoso was speaking on Thursday in Bangkok at a high-level debate held during the annual meetings of the International Monetary Fund. The discussion included IMF Managing Director Kristalina Georgieva and focused on risks to the global economy and reforms needed to support growth.
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Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
