Which of these international finance agencies is Nigeria a member of
Answer Details
Nigeria is a member of the International Monetary Fund (IMF).
The IMF is an international organization that was established to promote international cooperation on monetary issues, facilitate international trade, and promote economic growth and development. Its members are countries from all over the world, including Nigeria.
As a member of the IMF, Nigeria has access to financial assistance and technical expertise to help it address economic challenges, such as balance of payments problems, debt management, and financial sector reform. The IMF also provides policy advice to its member countries on macroeconomic issues, such as fiscal and monetary policy, and conducts surveillance of the global economy to help identify and address potential economic risks.
In contrast, the London Club and Paris Club are groups of private creditors and official creditors, respectively, who negotiate debt restructurings with debtor countries. The Infrastructural Development Fund is not an international finance agency, but rather a hypothetical fund that could be established to support infrastructure development in a particular country or region.