World Bank

March 31, (THEWILL) – The World Bank Group’s Board of Executive Directors has announced Ajay Banga, a US national, as sole nominee for the position of the next President of the bank. US President, Joe Biden, had in February,...

There are indications that the telecommunications (telecom) sub-sector would shield Nigeria from the likely effects of impending global recession – a phenomenon the World Bank and the International Monetary Fund (IMF) predict would bash emerging and developing economies in...

January 11, (THEWILL) - The World Bank has said that developing countries are vulnerable to the slowdown in the global economy and would suffer the impacts more severely. It noted that growth in the global economy is slowing...

December 27, (THEWILL) - After about a year of uncertainty in 2022, the global economy is in a steep slowdown, according to the latest report by the World Bank. Education losses, global inflation, disruptions in supply chains, and other global...

December 12, (THEWILL) - The World Bank has said that Nigeria’s projected revenue of N9.73 cannot pay/service its debt in 2023 as the debt servicing will gulp well over 100 percent of the federal government’s earnings. The new World...

December 11, (THEWILL) - Rice farmers in Cross River State, under the Agro Processing Productivity Enhancement And Livelihoods Support (APPEALS) project, are counting their gains and improved yield. The farmers and other value chain providers said their productivity has been...

November 15, (THEWILL) - The last tranche of the $1.5bn World Bank-assisted States Fiscal Transparency, Accountability and Sustainability (SFTAS) Programme, will be disbursed to state governments in the next few weeks. Minister of Finance, Budget and National Planning, Mrs Zainab...

In its continued efforts at supporting the improvement of business environment in Nigeria, the World Bank recently approved a US$750 million International Development Association (IDA) credit to prop Nigeria’s State Action on Business Enabling Reforms (SABER) Programme-for Results (PforR). Nigerian...

October 14, (THEWILL) – The World Bank has said Nigeria and Ghana are yet to approach the bank as well as the International Monetary Fund (IMF) for the framework on debt restructuring. President of the Group, David Malpass clarified...

October 12, (THEWILL) – The impacts of climate change threaten China’s densely populated and economically critical low-lying coastal cities, which are home to an estimated one-fifth of its population and contribute a third of its GDP, the World Bank Group...