International records / World Bank projects

Financial Sector and Public Financial Management Development Policy Credit

In responding to the on-going global financial crisis the credit is intended to provide budgetary support to the Federal Government of Nigeria to offset the fiscal impact of the crisis and support the Government in maintaining its current economic reform path in the financial sector, fiscal policy, management and governance. The three program objectives are: (i) maintaining confidence and stability in the Financial System; (ii) strengthening the Banking System; and (iii) supporting the objectives of the 2009 budget focused on raising Government investment spending to accelerate non-oil growth.…