World Bank
World Bank/IMF: Committee says COVID-19 pandemic causing economic shock, others
BY Peter Egwuatu The Development Committee of World Bank Group , WBG and International Monetary Fund, IMF on Friday said that the coronavirus, COVID-19 pandemic has caused an unprecedented public
World Bank to Help Nigeria Lift 100 Million Out of Poverty
The President of the World Bank Group, Mr. David Malpass, on Wednesday said the multilateral institution is focused on supporting the federal government’s bid to lift 100 million Nigerians out
Poor access to electricity raises production costs as firms rely on self-generation
With approximately 53.3% of firms in sub-Saharan Africa engaging in electricity self-generation, the World Bank has said that the lack of reliable power is a significant constraint The post Poor
IMF, World Bank may push for debt service suspension to end 2021
World Bank Emma Ujah, Abuja Bureau Chief There are strong indications that the World Bank Group and the International Monetary Fund (IMF) would recommend to the G20, an extension of
World Bank Revises Sub-Saharan Africa’s Growth Forecast to 3.4%
The World Bank has revised its growth forecast for Sub-Saharan Africa (SSA) from -5.1 per cent to 3.4 per cent growth for 2021. The Washington-based institution, in its latest Africa’s
Sub-Saharan Africa growth to hit 3.4% in 2021 — World Bank
By Peter Egwuatu ECONOMY Economic growth in Sub-Saharan Africa (SSA) is expected to rise between 2.3 percent and 3.4 percent in 2021 after contracting by 2 percent last year. Stating
World Bank approves $400m loan for China’s food safety
The World Bank has approved a loan of $400 million for a food safety improvement project to help China reduce food safety risks. Multiple measures were built into the project
Low wages, poor parental leave hinder gender equality — World Bank
Countries are making progress towards greater gender equality, but women around the world continue to face regulations that limit their economic opportunities — and the pandemic has created new challenges,
World Bank appoints Makhtar Diop IFC managing director, executive vice president
David Malpass, President of the World Bank Group (WBG) has announced the appointment of Makhtar Diop as Managing Director and Executive Vice President to head the International Finance Corporation (IFC).
World Bank names former Senegal finance minister to head IFC
The World Bank on Thursday announced it selected former Senegal finance minister Makhtar Diop to lead the agency responsible for private sector finance at a critical time for the global
