INTERNATIONAL ECONOMICS RELATIONS DEPARTMENT

The International Economic Relations Department is an arm of the Federal Ministry of Finance, Budget & National Planning responsible for managing Nigeria’s economic relations with the global community. It maintains a vibrant, cordial and mutually beneficial bilateral relationship with other countries as well as strong relations with multilateral financial institutions.

Managing Nigeria’s external economic relations with multilateral financial institutions as well as donor agencies,The department is mandated to perform the following functions prominent among which are;

1. International Monetary Fund (IMF);
2. The World Bank Group (IFC, MIGA, IBRD, IDA, ICSD);
3. Africa Development Bank Group (ADB, ADF & NTF);
4. Islamic Development Bank;
5. International Fund for Agricultural Development (IFAD);
6. OPEC Fund for International Development;
7. Africa Export-Import Bank (Afrexim bank);
8. West African Monetary Institute
9. United Nations Economic Commission for Africa (UNECA);
10. African Union and Africa 50 Fund;
11. Japan International Cooperation Agency (JICA);
12. French Development Bank (AFD)
13. The Export-Import Bank of China;
14. Economic Community of West African States (ECOWAS);
15. West African Monetary Institute (WAMI) etc.
16. Securing development assistance/concessional credits and grants on behalf of the Federal Government of Nigeria for intended beneficiaries.
17. Coordinating policy issues on bilateral and multilateral economic relations with the global community.
18. Preparation of the External Borrowing Plan of the Federal Government of Nigeria.