Global growth to slow through 2023, adding to risk of ‘Hard Landing’ in developing economies – World Bank report
Jan. 11, 2022 …Spread of COVID-19 Variants Alongside Inflation, Debt, Inequality Intensifies Uncertainty Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats…
Development: World Bank to spend $93bn on Nigeria, others against Covid-19, Climate
December 15, 2021 The World Bank Wednesday announced a $93 billion replenishment package of the International Development Association (IDA) to help low-income countries respond to the COVID-19 crisis and build…
Nigeria should end fuel subsidy, speed reforms – World BankÂ
Nov 24, 2021 Nigeria needs to end its costly petrol subsidy within the next three-to-six months, improve exchange-rate management and speed up other reforms to boost growth, the World Bank…
Ahead of Japan, China becomes 2nd largest contributor at World Bank, global institutions
Nov 19, 2021 With over $66 billion in total capital, China has passed Japan to become the second largest contributor to the system of development banks that provide some $200…
Amid Record Sovereign Debt, Massive Gaps in Debt-Tracking Systems – World Bank
Nov. 10, 2021 At a time when sovereign debt in the poorest countries has surged to dangerously high levels, global and country-by-country systems for tracking it are proving to be…
World Bank Group’s IFC partners with South African tech group to boost digital infrastructure
Nov. 8, 2021 The World Bank Group’s International Finance Corporation (IFC) has partnered with South Africa’s Liquid Intelligent Technologies to expand data centre capacity and roll out fibre-optic cable on…
eNaira as Emefiele’s bell ringer, by Ken Ugbechie
OCTOBER 31, 2021 The launch of eNaira on October 25, should be seen for what it is: A bell ringer for deepening the digital currency bourse by Central Bank of…
Global Wealth Has Grown But at the Expense of Future Prosperity – World Bank
Oct. 27, 2021 The World bank says Global wealth has grown overall but at the expense of future prosperity and by exacerbating inequalities. In its new Changing Wealth of Nations…
Low-Income Country Debt Rises to Record $860 Billion in 2020
Oct. 11, 2021 The World Bank says governments around the world responded to the COVID-19 pandemic with massive fiscal, monetary, and financial stimulus packages. This is according to a new…
COVID-19: World Bank says Nigeria’s $750m recovery programme effective
September 29, 2021 The World Bank has declared as “effective“ Nigeria’s 750-million-dollars COVID-19 Action Recovery and Economic Stimulus (NG-CARES) Programme intended to pull more Nigerians out of poverty. Mr Aso…