Debt Burden of Least Developed Countries continues to climb to a record $744 billion in 2019
Before the onset of the COVID-19 pandemic, rising public debt levels were already a cause for concern, particularly in many of the world’s poorest countries as discussed in our Four…
COVID-19: World Bank calls for greater debt relief plans to save poorer nations
World Bank President, David Malpass, said that a more ambitious debt relief plan is needed to save poorer countries from sliding into pandemic-induced “depression”. “This is worse than the financial…
$114.28m credit: SERAP urges World Bank encourage Nigerian govt. transparency, accountability in spending
Socio-Economic Rights and Accountability Project, (SERAP) has sent an open letter to the World Bank President Mr David Malpass, urging him to use his “good office to encourage the Federal…
World Bank approves $114.28 m for COVID-19 State level responses in Nigeria
The World Bank has approved $114.28 million financing to help Nigeria prevent, detect and respond to the threat posed by COVID-19 with specific focus on state level responses. According to…
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…
COVID-19: States to get $1.5bn stimulus from World Bank — NEC
The World Bank has a proposal of 1.5 billion dollars to states as part economic stimulus to cushion the impact of the COVID-19 pandemic, says Minister of Finance, Zainab Ahmed….
Global community commits $82bn to fight poverty; $53bn coming to Africa
A global coalition of development partners announced Friday their commitment to maintain momentum in the fight against extreme poverty, with $82 billion for the International Development Association (IDA), the World…
IPPIS is a scam, not backed by law, we don’t want it – ASUU
The Academy Staff Union of Universities (ASUU) says it strongly believes the introduction of Integrated Payroll and Personnel System (IPPIS) into Federal Universities will compound the problem of regular flow…
Nigeria among top 10 most improved counties in World Bank’s DBI; Buhari excited
President Muhammadu Buhari has expressed delight with the World Bank’s 2020 Doing Business Index (DBI), which ranked Nigeria 131 out of 190 countries, up 15 places from 146th position in…
Nigeria nears getting World Bank’s $3bn power sector loan -Minister
The Minister of Finance, Mrs Zainab Ahmed, on Sunday said the Federal Government’s request for a World Bank loan to finance the power sector was at the verge of being…