W/Bank: Poorest Countries To Save $12bn In 2020 Debt Relief
The world’s poorest countries could save over $12 billion owed to sovereign and other creditors this year through their participation in a debt-relief program, with Angola alone saving some $3.4 billion, according to estimates published...
With More Transparency, Nigeria Recovers $3bn from Oil Sector - W/Bank
The World Bank and the Extractive Industries Transparency Initiative (EITI), the global standard for the promotion of openness in the oil, gas and mineral resources management, have said Nigeria has so far recovered about...
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,...
World Bank Approves $346m For Lake Chad Region Projects
The World Bank has approved $346m for two projects aimed at strengthening resilience and livelihoods in the Lake Chad region.
A statement from the World Bank on Wednesday explained that the projects, to be financed through the...
W/Bank’s Approval For Nigeria’s $1.5bn Cash Coming July
The World Bank will take final decision in late July on a $1.5 billion loan to support Nigeria as it fights the novel coronavirus, the bank’s country director said at the weekend.
The World Bank is working on...
W/Bank Predicts Nigeria’s Descent Into Recession
The Minister of Finance, Mrs. Zainab Ahmed has said that the World Bank country director in Nigeria who was invited to the National Economic Council (NEC) meeting, held in the State House yesterday told the council about the bank’s...
