CURRENCY CRISIS AND IMF CONDITIONALITY: CASE STUDIES OF NIGERIA AND GHANA

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CURRENCY CRISIS AND IMF CONDITIONALITY: CASE STUDIES OF NIGERIA AND GHANA

INTRODUCTION
The International Monetary Fund (IMF), including other international organization as the World Bank (otherwise referred to as International Bank for Reconstruction and Development), are formidable and significant global institution that are established to see that their members are economically vibrant and have solidify infrastructures and the right public policies and reform measures geared towards economic growth and development. The Bretton Institution as these global institutions are collectively referred to, from time to time give economic admonitions and recommendations to ailing economies in form of conditionality. Conditionality is aimed to make member nation under the economy surveillance of the IMF to be serious with the implementation of recommended medicine to the country’s ailing economy. A depressed economy normally experiences currency crises. In such scenario, the currency of such country losses its value, where large amount would be utilized in pushing limited and all amount of goods in the society.

Number of Pages: 9
Numbers of References: 11
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