China accounts for 66% debt-service payments by Nigeria, other IDA countries in 2022 – World Bank
Nigeria's debt owed to China accounts for 83.57 percent of its total bilateral debt as of June 30, 2022, totalling ...
Tag: World Bank Group president
World Bank sanctions 35 firms, individuals
Out of the 35 sanctioned firms and individuals, 32 were debarred with conditional release, making them ineligible to participate in ...
Nigeria, others need 9% GDP growth annually to beat extreme poverty, World Bank says
The bank doubts that is possible, saying it is unlikely the world will meet the goal of ending extreme poverty ...
COVID-19: Global community boost poorest countries’ recovery with $93bn package
Africa would receive over 70 per cent of the funds.
Ecosystem Collapse: Global GDP risks $2.7trn decline annually – W/B Report
Sub-Saharan Africa and South Asia would suffer the most relative contraction of real GDP.
COVID-19 crisis could push over 60 million people into extreme poverty – World Bank
The World Bank Group President, David Malpass, said the situation erases much of the recent progress recorded in poverty alleviation ...
Coronavirus: Global remittances to slump by 20% in 2020
The projected fall is largely due to a fall in the wages and employment of migrant workers.
Coronavirus: World Bank approves debt relief for poor, vulnerable countries
"Debt relief is a powerful, fast-acting measure that can bring real benefits to the people in poor countries."
World Bank approves six development projects for Nigeria in 2020
The World Bank said the approved projects are to support Nigeria’s development priorities.
Nigeria drops in 2018 World Bank Ease of Doing Business ranking
Nigeria ranks 146 in 2018, dropping by a spot from its 145th position in 2017.
