How Nigeria, Others Can Grow GDP, Reduce Debt Levels- IMF
The International Monetary Fund (IMF) has advised countries to adopt a fiscal policy mix that involves research and development (R&D) grants for innovative start-ups in other to grow their GDP by two per cent.
The IMF gave the tip in the executive summary of the fiscal monitor for April, 2024,
According to the IMF, advanced and emerging market economies need a policy mix that supports innovation more broadly at the global technology frontier.
The IMF said it has become essential because fundamental research with broad applications is underfunded in many countries.
“This mix entails a combination of public funding for fundamental research, research and development (R&D) grants for innovative start-ups, and R&D tax incentives to encourage applied innovation across firms,” the IMF said adding “Close public–private cooperation can create positive synergies at a lower cost to public finances.”
The institution said its analyses show that a well-designed innovation policy mix can yield substantial growth and fiscal dividends, raising long-term GDP by $3 to $4 for each dollar of fiscal cost.
“This implies that increasing R&D support by 0.5 percentage point of GDP annually, or about 50 percent of the current level in Organisation for Economic Co-operation and Development economies, could raise GDP by up to 2 percent and reduce the debt-to-GDP ratio for an average advanced economy over an eight-year horizon.
“Economies with ample fiscal space could accommodate this approach, but funding for innovation may be problematic for countries with immediate fiscal constraints.”
Support Afnews Independent Journalism
At Afnews, we are dedicated to providing accurate, insightful, and timely news coverage. Our commitment to journalistic integrity ensures that you receive trustworthy information, unfiltered and unbiased. To maintain our independence and continue delivering quality content, we rely on the support of our readers.
If you value the work we do, please consider making a contribution. Your support enables us to keep bringing you the stories that matter.
Donate today and help us keep independent journalism alive. Thank you for your support!
You really make it seem so easy with your presentation however I to find this topic to
be really something that I believe I’d never understand.
It sort of feels too complex and very vast for me. I am having a look ahead to your next
publish, I’ll try to get the cling of it! Najlepsze escape roomy
I was reading through some of your content on this internet site and I believe this internet site is really instructive!
Keep on putting up.?
You’re so interesting! I don’t think I’ve truly read a single thing like that before. So wonderful to discover somebody with unique thoughts on this topic. Seriously.. thanks for starting this up. This site is one thing that’s needed on the internet, someone with a bit of originality.
Hi there! I simply want to give you a huge thumbs up for the excellent information you have got right here on this post. I will be returning to your web site for more soon.
Great article. I am experiencing a few of these issues as well..
There is certainly a lot to learn about this issue. I really like all the points you made.
Nice post. I learn something totally new and challenging on blogs I stumbleupon everyday. It will always be exciting to read content from other authors and practice a little something from their web sites.
This site was… how do you say it? Relevant!! Finally I’ve found something which helped me. Appreciate it.
Saved as a favorite, I love your web site.
There’s certainly a lot to find out about this subject. I love all of the points you have made.
Can I simply just say what a comfort to discover an individual who actually understands what they’re discussing on the net. You definitely know how to bring a problem to light and make it important. More people have to look at this and understand this side of the story. I was surprised that you’re not more popular given that you certainly have the gift.
Your style is so unique compared to other folks I’ve read stuff from. I appreciate you for posting when you have the opportunity, Guess I will just book mark this web site.
I wanted to thank you for this good read!! I certainly enjoyed every little bit of it. I have you book-marked to look at new things you post…
Very good article. I definitely love this site. Keep it up!
Great article. I will be going through a few of these issues as well..
Greetings! Very useful advice in this particular post! It’s the little changes that produce the greatest changes. Thanks a lot for sharing!
Very good information. Lucky me I ran across your website by accident (stumbleupon). I’ve book marked it for later.
Very nice article. I certainly appreciate this website. Thanks!
The very next time I read a blog, Hopefully it doesn’t fail me as much as this one. After all, I know it was my choice to read through, nonetheless I really believed you’d have something interesting to talk about. All I hear is a bunch of complaining about something you could fix if you weren’t too busy seeking attention.
Pretty! This has been an extremely wonderful post. Thank you for supplying this information.
I need to to thank you for this good read!! I certainly enjoyed every bit of it. I have got you saved as a favorite to look at new stuff you post…
I must thank you for the efforts you’ve put in penning this website. I am hoping to view the same high-grade content from you in the future as well. In truth, your creative writing abilities has inspired me to get my very own website now 😉
Can I simply just say what a comfort to uncover someone who truly knows what they are talking about over the internet. You certainly know how to bring a problem to light and make it important. A lot more people ought to read this and understand this side of your story. It’s surprising you are not more popular because you most certainly have the gift.
I would like to thank you for the efforts you have put in penning this website. I really hope to see the same high-grade content by you later on as well. In fact, your creative writing abilities has motivated me to get my very own website now 😉
Hi! I just want to offer you a huge thumbs up for the excellent info you have here on this post. I’ll be returning to your website for more soon.
Having read this I thought it was very enlightening. I appreciate you finding the time and energy to put this information together. I once again find myself personally spending way too much time both reading and leaving comments. But so what, it was still worth it.
Hi there! I simply wish to offer you a big thumbs up for the great info you have here on this post. I am coming back to your website for more soon.
I’d like to thank you for the efforts you’ve put in penning this blog. I am hoping to view the same high-grade content from you in the future as well. In fact, your creative writing abilities has encouraged me to get my own site now 😉
This is a topic which is close to my heart… Take care! Exactly where are your contact details though?
May I just say what a relief to find an individual who genuinely knows what they’re talking about on the net. You actually understand how to bring a problem to light and make it important. A lot more people really need to read this and understand this side of your story. I was surprised that you’re not more popular because you certainly possess the gift.
Excellent article. I am facing many of these issues as well..
You’re so cool! I don’t think I have read anything like that before. So wonderful to discover somebody with some genuine thoughts on this subject. Really.. thanks for starting this up. This web site is one thing that is needed on the web, someone with a little originality.
Everything is very open with a very clear clarification of the issues. It was truly informative. Your site is very helpful. Thanks for sharing.
Hello there, I think your web site could be having browser compatibility problems. When I take a look at your site in Safari, it looks fine but when opening in I.E., it has some overlapping issues. I just wanted to give you a quick heads up! Other than that, excellent blog!
Great blog you have got here.. It’s difficult to find high-quality writing like yours nowadays. I seriously appreciate individuals like you! Take care!!
Hi, I do think this is a great site. I stumbledupon it 😉 I’m going to revisit once again since I book marked it. Money and freedom is the best way to change, may you be rich and continue to guide others.
Hello! I simply wish to give you a huge thumbs up for the excellent info you have got right here on this post. I am returning to your blog for more soon.
Hi there! This blog post could not be written much better! Looking through this article reminds me of my previous roommate! He constantly kept talking about this. I will forward this article to him. Fairly certain he’ll have a very good read. Many thanks for sharing!
Good day! I just wish to give you a huge thumbs up for your great information you’ve got right here on this post. I am coming back to your web site for more soon.
Very nice article. I certainly love this site. Keep writing!
Greetings! Very helpful advice in this particular post! It is the little changes which will make the most important changes. Many thanks for sharing!
Oh my goodness! Impressive article dude! Many thanks, However I am having difficulties with your RSS. I don’t understand the reason why I can’t join it. Is there anybody else having similar RSS problems? Anyone who knows the solution can you kindly respond? Thanx!!
Excellent article. I am experiencing many of these issues as well..
I could not refrain from commenting. Exceptionally well written!
When I initially left a comment I appear to have clicked the -Notify me when new comments are added- checkbox and now whenever a comment is added I receive four emails with the exact same comment. Perhaps there is a means you can remove me from that service? Thanks a lot.
Oh my goodness! Amazing article dude! Thank you, However I am encountering troubles with your RSS. I don’t understand the reason why I am unable to join it. Is there anybody getting identical RSS issues? Anyone who knows the answer can you kindly respond? Thanx.
Great web site you have here.. It’s difficult to find good quality writing like yours these days. I seriously appreciate individuals like you! Take care!!
Good web site you have here.. It’s difficult to find good quality writing like yours nowadays. I honestly appreciate people like you! Take care!!
Excellent blog post. I absolutely love this site. Keep writing!
Having read this I believed it was extremely informative. I appreciate you finding the time and effort to put this informative article together. I once again find myself personally spending a lot of time both reading and posting comments. But so what, it was still worth it!
Your style is so unique in comparison to other folks I’ve read stuff from. I appreciate you for posting when you have the opportunity, Guess I’ll just book mark this web site.
I love looking through an article that can make men and women think. Also, many thanks for allowing for me to comment.
I couldn’t resist commenting. Perfectly written.
Good write-up. I absolutely appreciate this website. Stick with it!
I enjoy reading through a post that can make people think. Also, thanks for allowing me to comment.
Your style is so unique compared to other people I’ve read stuff from. Thank you for posting when you have the opportunity, Guess I will just book mark this page.
bookmarked!!, I love your site.
Howdy! This post could not be written much better! Looking at this post reminds me of my previous roommate! He always kept preaching about this. I will forward this article to him. Fairly certain he’s going to have a very good read. I appreciate you for sharing!
Greetings! Very useful advice within this article! It is the little changes which will make the largest changes. Thanks a lot for sharing!
Good information. Lucky me I ran across your website by accident (stumbleupon). I have book marked it for later.
I like it whenever people come together and share opinions. Great blog, continue the good work.
This is a great tip especially to those new to the blogosphere. Brief but very accurate info… Appreciate your sharing this one. A must read article!
Greetings! Very useful advice within this article! It is the little changes that produce the greatest changes. Thanks a lot for sharing!
This website certainly has all the information I needed concerning this subject and didn’t know who to ask.
I must thank you for the efforts you have put in writing this website. I am hoping to see the same high-grade content from you in the future as well. In truth, your creative writing abilities has motivated me to get my own website now 😉
This is the perfect website for everyone who really wants to find out about this topic. You realize a whole lot its almost hard to argue with you (not that I really will need to…HaHa). You definitely put a brand new spin on a subject which has been discussed for ages. Great stuff, just excellent.
Everything is very open with a really clear description of the challenges. It was really informative. Your site is very helpful. Many thanks for sharing.
An interesting discussion is definitely worth comment. I think that you ought to publish more on this subject matter, it might not be a taboo subject but generally people do not discuss such issues. To the next! Kind regards!
Having read this I believed it was rather informative. I appreciate you taking the time and energy to put this informative article together. I once again find myself spending way too much time both reading and posting comments. But so what, it was still worth it!
After going over a handful of the articles on your website, I seriously like your technique of writing a blog. I bookmarked it to my bookmark site list and will be checking back in the near future. Please check out my web site too and tell me what you think.
Good post. I learn something new and challenging on sites I stumbleupon everyday. It’s always exciting to read through articles from other authors and use something from their sites.
There is certainly a great deal to find out about this issue. I like all the points you have made.
Spot on with this write-up, I absolutely feel this amazing site needs far more attention. I’ll probably be returning to see more, thanks for the advice.
Everything is very open with a precise explanation of the challenges. It was definitely informative. Your website is very helpful. Many thanks for sharing!
I love it when folks get together and share views. Great site, continue the good work.
Howdy, I believe your web site could be having web browser compatibility issues. Whenever I look at your site in Safari, it looks fine however, when opening in IE, it’s got some overlapping issues. I just wanted to give you a quick heads up! Apart from that, great site.
After looking over a handful of the articles on your web site, I honestly like your technique of blogging. I saved as a favorite it to my bookmark site list and will be checking back in the near future. Take a look at my website as well and let me know your opinion.
I really like this article. You can send any article like this. Playmods
Hello! I’m Charles. If you’re stuck in a financial Groundhog Day, duplicating the same struggles, let’s break the cycle. The 1K a Day System is your escape, leading you to new mornings of prosperity and capacity. Get up to something terrific!
Hey! I’m Charles, and if you’re tired of the 9-to-5 grind and think office coffee tastes like anguish, I’ve got good news for you. Welcome to the 1K a Day System, where we swap coffee for cash flow and desks for monetary independence. Are you prepared to sell your tie for a ticket to liberty? Let’s turbocharge your earnings and have some enjoyable along the way!
Hi there! Just wanted to drop by and express my admiration for your blog. Your expertise in making money from home is genuinely remarkable. Earning an income from home is a ambition for many, and affiliate promotion provides a practical path to achieve it. It’s all about leveraging your internet presence and promoting items or services that resonate with your audience. Your blog is a goldmine of information for aspiring affiliate marketers. Keep up the fantastic work!
Very nice post. I certainly love this site. Keep it up!
Hey there! Just felt like stopping in to let you know how much I appreciate your blog. Your knowledge on affiliate marketing are truly noteworthy. Earning an income from home has never been more accessible thanks to affiliate promotion. It’s all about finding the right products to promote and nurturing connections with your audience. Your blog is a gem trove of insights for up-and-coming online entrepreneurs. Keep up the excellent work!
Greetings! Very helpful advice within this post! It is the little changes that produce the largest changes. Many thanks for sharing!
Worldwide of betting and video gaming, success is often determined by strategy, discipline, and a deep understanding of the chances. At [Your Betting Mastery], we’re dedicated to providing you with the tools and knowledge you require to optimize your chances of success while decreasing risks. From professional analysis to tested betting systems, we provide a variety of resources developed to help you make notified choices and stay ahead of the game. Our team of skilled gamblers is here to share their insights and methods, giving you the edge you need to succeed in today’s competitive video gaming landscape. Take control of your wagering method with [Your Betting Mastery] With our expert assistance and tested systems, you’ll be on your method to attaining greater success and profitability in no time.
This is the right site for everyone who would like to understand this topic. You realize a whole lot its almost hard to argue with you (not that I actually will need to…HaHa). You certainly put a fresh spin on a topic that’s been written about for a long time. Great stuff, just great.
Having read this I thought it was very informative. I appreciate you spending some time and effort to put this information together. I once again find myself spending a significant amount of time both reading and posting comments. But so what, it was still worthwhile.
It’s nearly impossible to find experienced people in this particular topic, but you sound like you know what you’re talking about! Thanks
Oh my goodness! Incredible article dude! Many thanks, However I am having issues with your RSS. I don’t understand why I cannot subscribe to it. Is there anyone else having identical RSS issues? Anyone who knows the solution will you kindly respond? Thanks!!
Oh my goodness! Incredible article dude! Thank you, However I am having troubles with your RSS. I don’t know why I cannot join it. Is there anybody else getting identical RSS problems? Anybody who knows the solution will you kindly respond? Thanks!
Everything is very open with a clear description of the issues. It was definitely informative. Your site is very helpful. Thank you for sharing!
This is the right website for anyone who would like to find out about this topic. You understand a whole lot its almost tough to argue with you (not that I really would want to…HaHa). You definitely put a brand new spin on a topic which has been discussed for ages. Wonderful stuff, just excellent.