W/Bank To Invest $150bn In Africa       The President of World Bank Group, David Malpass, has said that the bank plans to invest $150 billion in Africa within the next five years towards promoting development on the continent. Malpass disclosed this on Tuesday at the Summit on...

W/Bank To Address Nigeria, Poor Countries’ Debt Overhang     The President, World Bank Group, Mr David Malpass, said the group is working actively in collaboration with the International Monetary Fund on the common framework that the G20 established for dealing with debt overhang and debt burdens. He...

World Bank Approves $1.5bn for Nigeria to Reduce Poverty, COVID-19 Response The World Bank Group through its New Country Partnership Framework with Nigeria has approved $1.5 billion for social protection and strengthening state-level COVID-19 response Nigeria is at a critical position now with the sharp fall...

World Bank, IMF Plan debt reduction for IDA countries The World Bank and International Monetary Fund (IMF), have proposed to undertake a joint action plan on debt reduction for the most indebted International Development Association (IDA) countries. Mr David Malpass, the President, the World Bank Group,...

Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA         There are indications that Nigeria’s poverty level may have further deteriorated as the latest reports of the Nigeria Employers Consultative Association, NECA, shows a 10 percentage point rise in the number of the extreme...

In a statement released to Nigerian journalist by the Senior Communications Officer, World Bank Nigeria, Mrs Olufunke Olufon, on Monday in Abuja, Kim said the money would be raised by three subsidiaries of the group. The World Bank Group President, Mr Jim Kim said the...