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...

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...