Osinbajo, IMF, World Bank Meet On Economic Stimulus   Vice President Yemi Osinbajo on Tuesday in Abuja held an online meeting with representatives of the International Monetary Fund (IMF) and the World Bank. The meeting, anchored via videoconferencing from the Presidential Villa, deliberated on how the agencies...

World Bank, IMF, Others Suspend Debt Service   Four global multilateral institutions – World Bank, International Monetary Fund, G20 and Paris Club – yesterday agreed to a time-bound debt service payment suspension for world’s poorest economies that request forbearance. IMF Managing Director, Kristalina Georgieva, who broke the...

W/Bank To Commit $510bn To Nigeria, Others From 2021-2023 – Finance Minister   The World Bank has hinted of plans to commit a total of $510billion to boost Nigeria and other African countries’ economy within the next three years, the Minister of Finance, Budget and National...

Nigeria’s COVID-19 Management To Determine Level Of Recession – W/Bank   Following the outbreak of COVID-19 in Nigeria, it has been projected that the three tiers of government could lose more than N2tn in revenues. Giving this huge revenue deficit, the World Bank says the extent...

W/Bank Predicts Sharp Fall In Nigeria’s GDP   The World Bank has predicted a sharp fall in Nigeria’s real gross domestic product growth as countries in sub-Saharan Africa head towards recession as a result of the ongoing coronavirus outbreak. The latest edition of Africa’s Pulse, the World...

W/Bank Supports Nigeria’s Public Health Sector With $82m   The World Bank says that it has made $82m available to strengthen Nigeria’s public health response to the COVID-19 pandemic. The $82m was made available through the World Bank’s Regional Disease Surveillance Systems Enhancement Project. The development was disclosed...