To measure progress on sovereign debt, look to actual deals –Â World Bank
April 14, 2023 World Bank President David Malpass on Thursday said progress on sovereign debt issues would be measured by actual restructuring deals being agreed for Ghana, Ethiopia and Zambia,…
Global growth slows to 2% in 2023 – World Bank
April 11, 2023 The World Bank Group President, David Malpass says global growth is expected to be weak in 2023, slowing to two per cent from 3.1 per cent in…
2023 global growth to slow to 1.7% from 3% expected six months ago – World Bank
Jan. 11, 2023 …Says Sharp, Long-lasting Slowdown to Hit Developing Countries Hard The World bank says Global growth is slowing sharply in the face of elevated inflation, higher interest rates,…
IDA Countries’ Debt-Service Payments Projected to Top $62bn in 2022
Dec. 6, 2022 …As Debt-Service Payments Put Biggest Squeeze on Poor Countries Since 2000 The poorest countries eligible to borrow from the World Bank’s International Development Association (IDA) now spend…
Global debt levels rose ‘substantially’ in 2021- World Bank
Nov. 14, 2022 Debt levels among low- and middle-income countries rose sharply in 2021, with China accounting for 66% of lending by official bilateral creditors, World Bank President David Malpass…
New fund for pandemic prevention, preparedness and response formally established
September 10, 2022 A new financial intermediary fund (FIF) for pandemic prevention, preparedness, and response (PPR) has been launched to provide a dedicated stream of additional, long-term financing to strengthen…
World Bank reaffirms readiness help Nigeria phase out fuel subsidies
September 2, 2022 The World Bank Group President David Malpass has reaffirmed the Bank’s readiness to support Nigeria in phasing out regressive fuel subsidies while increasing social assistance for the…
World Bank to Discuss ‘Next-Phase’ Financing for Ukraine – World bank
April 18, 2022 More countries are expected to announce contributions to help war-torn Ukraine maintain its government through the World Bank’s multi-donor trust fund and parallel funds this week, World…
Greater Transparency on Hidden, Distressed Debt Can Reduce Global Financial Risks, Support Recovery – World Bank
Feb. 15, 2022 Developing countries face growing risks from financial fragility created by the COVID-19 crisis and non-transparent debt, says a new World Bank report. The Bank in a statement…
Poor nations pay highest debt service in 20 years – Campaigners
Jan. 25, 2022 Developing countries are paying more to service their debt than at any other time in the past two decades, with a heavier burden on the horizon if…