Global economy in ‘precarious position’, World Bank warns
High interest rates and the Russian war in Ukraine continue to significantly slow global economic growth, according to a new report from the World Bank. […]
world bank
World Bank extends FG NG-CARES programme by 12 months
The Minister of State for Budget and National Planning, Prince Clem Agba says that the World Bank has extended the federal government’s COVID-19 Action Recovery […]
World Bank accused of setting a loan trap for Nigeria with $800m funding
By EMMANUEL KUJE, Abuja – The Human and Environmental Development Agenda (HEDA Resource Center) has strongly criticized the World Bank Country office in Nigeria, for […]
‘Suspend disbursement of $800m loan to FG,’ SERAP tells World Bank
By JOY ADARA, Abuja – Socio-Economic Rights and Accountability Project (SERAP), has urged the World Bank President, Mr David Malpass, to use his “good offices […]
NG-CARES on right track in supporting poor, vulnerable in Nigeria – World Bank
Prof. Foluso Okunmadewa, the World Bank Task Team Leader for Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES), says the programme is on the right […]
Migration a powerful force for prosperity, devt – World Bank
As competition for skilled workers continues to rise globally, while populations in rich and middle-income countries age, the World Bank says migration can be a […]
World Bank tasks developing countries on logistics performance
The World Bank on Friday released its 2023 Logistics Performance Index (LPI) report, urging developing economies to boost their economic growth through improvements in logistics […]
IMF, World Bank discuss debt sustainability, restructuring challenges
The Global Sovereign Debt Roundtable (GSDR), on Wednesday discussed debt sustainability and debt restructuring challenges and ways to address them. This is contained in a […]
Prudent expenditure and Nigeria’s quest for debt sustainability
In recent times, the media has been awash with news about the huge debt burden that the incoming government would inherit from the President Muhammadu […]
850m people worldwide lack proof of identity — World Bank
Eight hundred and fifty million people across the world do not have proof of identity, with half of the number being people in Sub -Saharan Africa, an […]
Africa’s growth remains low, transition to low carbon economies needed -World Bank
A new World Bank report says economic growth in Sub-Saharan Africa (SSA) is set to slow from 3.6 per cent in 2022 to 3.1 per […]
World Bank announces Ajay Banga as sole nominee for President
The World Bank Group’s Board of Executive Directors announced that Ajay Banga, a U.S. national, was the only nominee for the position of the next […]
Global economy’s “speed limit” set to drop to three-decade low – World Bank
A new World Bank report says the global economy’s “speed limit” is set to drop to a three-decade low by 2030. The” speed limit” is […]
Digital technology key to employment, economic growth in Africa – World Bank
A new World Bank report says accelerating the use of digital technologies is key to creating productive jobs and boosting economic growth in Africa. This […]
Pantami meets with Space X, World Bank, Google to strengthen Nigeria’s Digital Economy
By CALLISTUS OFFOR, Abuja – The Minister of Communications and Digital Economy of Nigeria, Professor Isa Ali Ibrahim Pantami, had meetings at Space Exploration Technologies […]
Climate change: Between Harriman and Kayanja Ideologies By JEROME-MARIO UTOMI
The debate on climate change is among the most presently discussed topics on the surface of the earth. All these years, I have, going by […]
World Bank Group to fast-track electrification of Sub-Saharan Africa
The World Bank Group says it has designed an innovative initiative to accelerate electrification in Africa to achieve universal access by 2030. This is contained […]
Stakeholders call for political will, consistent delivery in tackling menace of out-of-school children
By JOHN ONAH, Abuja – Participants at the national conference on out-of-school children in Nigeria have called for political will, consistency in policy delivery and […]
Food insecurity should be policy priority for African govt – IMF
Mr Abebe Selassie, the Director, International Monetary Fund (IMF), African Department, says tackling food insecurity should be the first policy priority for government in Sub-Saharan […]
Chad climate disaster leaves 2.1 million people hungry
United Nations agencies on Wednesday said severe drought followed by floods has led to rocketing food prices and left a record of 2.1 million people […]