World Bank: Coronavirus Crisis Could Push 60million People Into Extreme Poverty
The coronavirus pandemic could push as many as 60 million people into extreme poverty, the World Bank said on Tuesday.
The warning suggests deepening pessimism among economists about the scale and duration of the fallout...
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, AFDB To Approve Nigeria’s Loan Request By June – DMO
The Federal Government has disclosed that the $1.5billion loan request from the World Bank and the additional $500 million loan request from the African Development Bank (AfDB) will be approved by the banks’ boards...
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...
