Growth is expected to reach 4.0% in 2022.
She however urged government to do more especially in mobilizing more non-oil revenues.
This would put these economies in a better position to withstand a reduction in capital inflows as a result of monetary normalisation in advanced economies or waning global risk appetite, it said.
According to the report, the key challenge confronting policymakers is to ensure that the buildup of financial vulnerabilities is contained while monetary policy remains supportive of the global recovery.
According to the report, Sub-Saharan Africa, including Nigeria, grew by 2.4 per cent in 2017 from 1.3 per cent in 2016, slightly below the pace previously projected.
The IMF said emerging market economies should continue to take advantage of supportive external conditions to enhance their resilience, including by continuing to strengthen external positions where needed, and reduce corporate leverage where it is high. "So, if you have continuing rise in debt, the interest payments would consume a large part of any revenue that you collect and you won't be able to use that revenue for the objectives of the economic growth and recovery programme like increasing growth and employment".
"In April 2017, the CBN introduced a new investor and exporter window, which had helped to improve businesses' access to foreign exchange", it said.
"Most countries do not have significant wiggle room when it comes to having enough fiscal space to cope with economic volatility".
The International Monetary Fund released its latest World Economic Outlook report, where it dedicated one complete chapter making the case for the unequal consequences of climate change that low-income countries will have to bear, urging rich countries to contribute more toward both climate change mitigation and adaptation efforts.
"A number of bilateral meetings will be conducted within the framework of his visit", the Ministry said.
Al-Jamal said that the bank was committed to support the Federal Government to improve its water, roads, education and health infrastructure as well as other services to poor and vulnerable people. Joining him at the panel are: Naoko Ishii, CEO of GEF and Andrew Steer, Executive Director of World Resources Institute.