Tag: World Bank
Emerging markets, developing economies will be hit hard in 2 years – World Bank
Globally, growth continues to slow sharply due to rising inflation and interest rates, reduced investment, and supply disruptions caused by…
Gambian delegation understudies Edo’s procurement system
The World Bank sponsors a delegation from the Government of the Gambia to understudy the Edo State Procurement system.
Glasgow Team urges World Bank to drive investments in clean energy
By Richard Elesho The Glasgow Action Team has challenged the World Bank has to back its rhetoric on climate action…
World Bank, US EXIM Bank pledge $3b for Nigeria’s Energy Transition Plan
Africa’s increasing energy gaps require collaboration to take ownership of the continent’s transition pathways and the action should be decisive…
Fuel scarcity: World Bank chiefs in Nigeria support subsidy removal
As fuel scarcity crisis is biting the people, World Bank’s Country Director for Nigeria, Shubham Chaudhuri and Marco Hernandez, the…
World Bank slashes global growth forecast
In a news conference, World Bank President David Malpass said global growth could fall to 2.1% in 2022 and 1.5%…
World Bank slashes outlook for economic growth
Forecasts for advanced and many developing economies were also lowered because of high inflation caused by the supply-chain disruption after…
World Bank mobilises $720m for Ukraine
It is also mobilising grant financing of 134 million dollars and parallel financing of 100 million dollars, resulting in a…
World Banks halts all programmes in Russia, Belarus
Its reasons were the Russian invasion of Ukraine and "hostilities against the people of Ukraine."
IMF, World Bank to support Ukraine
The IMF is responding to Ukraine’s request for emergency financing through the Rapid Financing Instrument, which the IMF Board could…
2021 GDP: BMO proves IMF, World Bank wrong
BMO added that it was able to correctly project a better GDP figure than IMF and World Bank because of…
World Bank tells FG to increase taxes on alcohol, cigarette
“If we want to improve healthcare in Nigeria, we need to tax the things that are killing us", said Mr…
World Bank closes money taps against Sudan coup plotters
The measure coincided with the escalating civil disobedience by workers. State oil company workers, doctors and pilots joined civilian groups…
Low, middle income countries’ debt hits $8.7T: World Bank
For low income countries alone, the debt burden increased by 12 per cent to $860 billion.
Nigeria bags $400m World Bank loan for COVID-19 vaccines
The bank said that the fund is meant to provide upfront financing for safe and effective COVID-19 vaccine acquisition and…
World Bank commends Yahaya Bello over $4.63m refund
The World Bank has commended Governor Yahaya Bello for refunding US$ 4.63 million surplus funds under the Nigeria Erosion and…
Poverty increasing in Nigeria under Buhari watch: World Bank
Poverty is increasing in Nigeria, with 11 million more people joining the rank of the poor, the World Bank said…
World Bank, AU to deploy vaccines for 400m Africans
The World Bank (WB) and the African Union (AU)’s COVID-19 Africa Vaccine Acquisition Task Team (AVATT) have announced a decision…
World Bank approves $700m credit for Nigeria
The World Bank has approved a $700 million credit for the Nigeria Sustainable Urban and Rural Water Supply, Sanitation and…
Dollars inflow to Nigeria falls by 28 percent: World Bank
The World Bank said dollar remittance inflows to Nigeria declined by 28 per cent in 2020 because of COVID-19 pandemic.
Nigeria among world’s top seven gas flaring countries
Russia, Iraq, Iran, the United States, Algeria, Venezuela and Nigeria remain the top seven gas flaring countries for nine years…
World Bank to construct 159 schools in Kaduna
The World Bank, Adolescent Girls Initiative and Empowerment (AGILE) is to construct 90 Junior Secondary Schools (JSS), 69 Senior Secondary…
Ogun, World Bank sign $300m partnership agreement
Governor of Ogun State, Prince Dapo Abiodun said the State government has signed a Financing Partnership Agreement worth over $300m…
$500m: World Bank to be sued failure to publish documents on electricity projects
Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank President Mr David Malpass to release archival records and…
World Bank to boost electricity in Nigeria with $500m
The World Bank has approved the sum of $500m to Nigeria to boost access to electricity and improve the performance…
World Bank approves $60m to fight youth unemployment in Benin
The World Bank International Development Association (IDA) will give Benin US$60 million to help the west African country fight against…
World Bank hesitant over Nigeria’s $1.5b loan request
Nigeria’s $1.5 billion budget support loan request is “still in the works”, World Bank Country Director for Nigeria, Shubham Chaudhuri…
Bauchi to benefit from N95bn World Bank project
Bauchi State is to benefit from the World Bank N95 billion Livestock Production and Resilience Support Project.
Nigeria seeks fresh $750million World Bank loan
Nigeria is in the process of taking a fresh $750 million loan, from the World Bank to help states overcome…
Zambia to combat COVID-19 with World Bank’s $25m
The World Bank on Friday gave Zambia 25 million U.S. dollars to help the country respond to the COVID-19 pandemic.