Tag: World Bank
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…