Malawi: World Bank warns over debt distress
The World Bank has warned that Malawi remains at a high overall risk of debt distress, which could further undermine fiscal sustainability and frustrate strides towards economic recovery. In its ...
Tag: World Bank
World Bank: AfCFTA May Boost Nigeria, Others’ Incomes by $450bn
A report by the World Bank has stated that the African Continental Free Trade Area (AfCFTA), if fully implemented, could boost the region’s income by seven per cent or $450 ...
World Bank Announces $500 Million to Fight Locusts, Preserve Food Security and Protect Livelihoods
WASHINGTON, May 21, 2020 — The World Bank Group approved today a US$500 million program to help countries in Africa and the Middle East fight the locust swarms that are threatening ...
Updated estimates of the impact of COVID-19 on global poverty–World Bank
In April we estimated that COVID-19 is pushing between 40 and 60 million into extreme poverty. Since then, the epicenter of the pandemic has shifted from Europe and North America to ...
World Bank: Pandemic, Recession: The Global Economy in Crisis
It will also do lasting damage to labor productivity and potential output. The immediate policy priorities are to alleviate the human costs and atenuate the near-term economic losses. Once the ...
World Bank approves $25m to help Djibouti grow economy, improve access to services
The World Bank approved two new projects totaling $25 million in credit from the International Development Association (IDA), the World Bank’s arm for the poorest countries. The new financing will help ...
UGANDA: World Bank provides $48 million emergency support for Uganda to manage Desert Locust threat
The World Bank approved a financing of $48 million from the International Development Association (IDA) to help Uganda prevent and respond to the threat to livelihoods posed by the Desert Locust ...
More than 300 lawmakers urge IMF, World Bank to cancel poor countries’ debt
Over 300 lawmakers from around the world on Wednesday urged the International Monetary Fund and World Bank to cancel the debt of the poorest countries in response to the coronavirus ...
Ghana seeks more funds from the World Bank – Akufo-Addo
Speaking during the May Day celebration in the studios of the Ghana Broadcasting Corporation (GBC), Friday May 1, Mr Akufo-Addo said: “Discussions are ongoing with the World Bank to raise ...
South Sudan to benefit from World Bank’s social safety net
The World Bank approved a $40 million International Development Association (IDA*) grant for South Sudan Safety Net Project (SSSNP) which will expand access to safety net and provide income security ...
