Business

‘We don’t publish exchange rate forecasts’- IMF resident representative for Nigeria says  

 In a statement on Friday, the International Monetary Fund’s (IMF) Resident Representative for Nigeria, Christian Ebeke, has said that the IMF does not publish exchange rate forecasts. 


This statement came in the wake of numerous reports in the Nigerian media citing the IMF for specific naira-to-US dollar exchange rate forecasts for 2024. 


Ebeke highlighted that the origin of the misreporting traces back to an IMF report crafted towards the end of 2023, which only recently became public.