COVID-19 Fallout Could Last For A Decade - World Bank President     President of the World Bank Group, David Malpass, has described COVID-19 as a ‘devastating blow’ for the global economy, and warned that the fallout from the pandemic could last for a decade. Malpass, an economist,...

W/Bank Extends Support To 100 Countries     The World Bank on Tuesday said it had extended emergency support in the campaign against the COVID-19 pandemic to 100 developing countries – home to 70 per cent of the world’s population. The Bretton Woods institution, in a statement posted...

W/Bank Plans $150bn Economic Recovery Scheme After Pandemic   The World Bank Group has expressed its readiness to deploy about $150bn over the next 15 months to stimulate economic recovery of countries affected by the coronavirus pandemic. The coronavirus pandemic has led to unprecedented disruptions to global...

$250trn Debt Burden To Weigh On Global Economy In 2020 - W/Bank President   Concerns about global debt are heightening from the office of World Bank President, David Malpass, as the obligations exceeded a $250 trillion mark in 2019. But critics said it’s an irony, especially...