World Bank

November 26, (THEWILL) - The Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank to suspend issuing loans to Nigeria’s 36 states over allegations of mismanaging public funds, which may include loans obtained from the institution. In...

October 30, (THEWILL) - Although the global economy is in a much better position than it was in the 1970s to cope with a major oil-price shock, an escalation of the latest conflict in the Middle East—which comes on...

October 15, (THEWILL) - The Federal Government said it is currently in talks with the World Bank to secure a fresh $1.5 billion loan facility. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this on...

October 14, (THEWILL) - Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has been appointed as the Chairman of the African Governors’ Forum of the World Bank. This was disclosed in a statement on Saturday, by...

October 10, (THEWILL) - The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth projection – to decline from 3.3 per cent in 2022 to 2.9 per cent in 2023, The Washington-based lender made this known in its “World Economic...

October 05, (THEWILL) - The World Bank has revised its economic growth outlook for Nigeria in 2023, to 2.9 percent. This is lower than its earlier projection of 3.3 percent for Africa’s largest economy. In the latest edition of...

August 29, (THEWILL) - The Ethiopia Government and the World Bank have signed a $730 million corridor project agreement, to improve a key route between Addis Ababa and Djibouti. Ethiopia Ministry of Finance in a statement said the HoA Regional...

August 25, (THEWILL) - Ugandan opposition leader, Robert Kyagulanyi, popularly known as Bobi Wine, has accused the World Bank of championing gay rights while ignoring other issues. Bobi Wine's opposition to the World Bank came in response to the...

August 09, (THEWILL) - The World Bank Group on Tuesday said it is suspending new public financing to Uganda over the country’s enactment of its new Anti-Homosexuality Act. The bank, in a statement on Tuesday, made available to THEWILL,...

August 02, (THEWILL) - The World Bank President, Ajay Banga, will visit Nigeria this week as part of his mission to advance a global tour and improve the bank’s relationship with partners and countries of the world. A statement...