World Bank

April 11, (THEWILL) – The World Bank’s ongoing reform could result in a $50 billion lending boost over the next decade, Treasury Secretary Janet Yellen told AFP ahead of stakeholders’ meetings next week where key changes are expected to...

April 11, (THEWILL) – The World Bank has said that the growth rate in the economies of countries in Sub-Saharan Africa, including Nigeria, was sluggish in the first quarter of 2023. This fact is contained in the April 2023 edition...

Nigeria’s local currency, Naira, lost 10.2 per cent of its value in 2022, emerging as fifth among Africa’s worst-performing currencies in 2022, a report by the World Bank has shown. In its latest Africa’s Pulse report for April 2023, the...

April 05, (THEWILL) - Nigeria has secured a World Bank facility worth $800 million. The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this on Wednesday while briefing State House correspondents on the outcome of the Federal Executive...

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...