African economies debt outlook remains “cloudy” – World Bank economist
May 29, 2023 The outlook for Africa’s debt sustainability remains “cloudy” as low growth and high inflation challenge the stability of many economies across the continent, the World Bank’s Africa…
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…
W/Bank extends FG NG-CARES programme by 12 months
The Minister of State for Budget and National Planning, Prince Clem Agba says that the World Bank has extended the federal government’s COVID-19 Action Recovery and Economic Stimulus (NG CARES)…
World Bank Group Launches Business Ready Project
May 1, 2023 The World Bank Group has begun work to assess the business and investment climate in up to 180 economies under its flagship Business Ready project. The Group…
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…
Subsidy removal is best economic decision to reduce Nigeria’s debt- LCCI
April 18, 2023 The Lagos Chamber of Commerce and Industry (LCCI) says the Federal Government’s planned petrol subsidy removal remains one of the best economic decisions that will reduce Nigeria’s…
To measure progress on sovereign debt, look to actual deals – 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…
Africa’s growth remains low, inflation to remain high at 7.5% for 2023
April 5, 2023 Growth across Sub-Saharan Africa remains sluggish, dragged down by uncertainty in the global economy, the underperformance of the continent’s largest economies, high inflation, and a sharp deceleration…
W/Bank wants more reforms in Nigeria telecoms, increased broadband access to rural areas
By Jessica Dogo The World Bank wants Nigeria to increase its broadband penetration to provide internet access to people in rural areas and remote places. The World Bank Country Director,…