World Bank

December 03, (THEWILL) - Developing countries including Nigeria, spent a record $1.4 trillion to service foreign debt, as their interest costs climbed to a 20-year high in 2023, a World Bank’s latest International Debt Report shows. According to the report,...

November 03, (THEWILL) – Nigerians are reeling on the throes of untold hardship, perhaps never expected at this stage of their national life. The situation is the direct fallout of reforms undertaken by the President Bola Tinubu-led Federal Government,...

October 27, (THEWILL) – For the benefit of an average Nigerian, The World Bank is an international financial institution that provides loans and grants to governments of low-and middle-income countries to pursue capital projects. The Bank was established...

October 15, (THEWILL) – At today’s feeble pace, it could take more than a century to eliminate poverty as it is defined for nearly half the world – people who live on less than $6.85 per day, according to...

September 30, (THEWILL) – The World Bank has approved three new loan requests totalling $1.57bn in financing for Nigeria. Announcing the approval in a statement on Monday, the bank said the funds will support Nigeria in strengthening human capital...

September 16, (THEWILL) – Nigeria's Finance and Coordinating Minister of the Economy, Mr Wale Edun, and Guangzhe Chen, Vice President for Infrastructure at the World Bank, have met to discuss bold reforms aimed at improving electricity access across...

April 8, (THEWILL) - The World Bank has projected that growth in Africa’s economies will rebound in 2024, rising from a low of 2.6 per cent in 2023 to 3.4 per cent in 2024, and 3.8 per cent...

February 06, (THEWILL) - Seven states across the North-west and North-east Nigeria are projected to face crisis of food security in 2024 because of insecurity and armed conflicts, the World Bank has projected in its latest Food Security report. The...

February 06, (THEWILL) - The World Bank says inflation in food prices remains high globally. The World Bank declared in its latest Food Security Update report on Tuesday that available data on food prices showed high inflation in low, middle...

December 13, (THEWILL) - Nigeria's economy is expected to grow at an average annual rate of 3.5% in 2023-2026, World Bank Lead Economist for Nigeria, Alex Sienaert, said on Wednesday. This is, however, conditioned on the implementation of macroeconomic stabilisation...