Developing Countries Paid Record $443.5 Billion on Public Debt in 2022- World Bank
Dec. 13, 2023 …Adds, poorest countries face risk of debt crises as borrowing costs surge Amid the biggest surge in global interest rates in four decades, developing countries spent a…
World Bank seeks grants, new capital to fight global crises
May 23, 2023 The World Bank will press for more grants and new capital from member countries, even as it leverages its balance sheet to scale up lending for responses…
Concessional world bank facilities positive for Nigeria – DMO
April 26, 2023 The Debt Management Office (DMO) says Nigeria’s indebtedness to the World Bank, which grew from 6.29 billion dollars in 2015 to 13.46 billion dollars in 2022 is…
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…
World Bank approves $750m to boost Nigeria’s business environment
September 30, 2022 The World Bank has approved 750 million dollars for the Nigeria State Action on Business Enabling Reforms (SABER) Programme-for-Results. This is contained in a statement by the…
7 persons killed, 250 houses razed in Plateau communities
Aug. 2, 2021Â Unidentified gunmen have killed seven persons and razed down 250 houses in some communities in Miango chiefdom of Bassa Local Government Area of Plateau, according to a…
Nigeria, 18 other African countries to benefit from World Bank’s $22.5m electricity financing
Nigeria and 18 other African countries would benefit from World Bank’s 22.5 million dollars additional financing for the Regional Off-Grid Electricity Access Project (ROGEAP) in Western and Central Africa. The…
COVID-19 to Add as Many as 150 Million Extreme Poor by 2021
Global extreme poverty is expected to rise in 2020 for the first time in over 20 years as the disruption of the COVID-19 pandemic compounds the forces of conflict and…
AGILE: Seven States get $500m from World Bank to boost girl child secondary education
The World Bank has approved a $500 million credit for the Adolescent Girls Initiative for Learning and Empowerment (AGILE) towards improving secondary education opportunities among girls in seven states in…
African countries call for collaborative solutions to indebtedness
Representatives from four African countries have called for a balanced approach to growing debt vulnerabilities to help low-income African countries meet their commitments to lenders. The calls were made at…