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The International Monetary Fund (IMF) on Wednesday cleared the air on reports making the rounds that it has distanced itself from an earlier advisory provided to the Nigerian government on petrol subsidy removal and reform of the foreign exchange market. The Washington-based institution said that it stands by its advice to Nigeria to remove petrol […]
Inflation, low wage growth and little job creation have made life very tough in Papua New Guinea for the ordinary person. The PNG government has made some effort to respond to cost-of-living pressures. Depreciation of the kina, while painful for urban residents, helps rural producers earn more for their coffee exports and helps make their […]