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President of the World Bank Group, David Malpass, is seeking cooperation of the global community on a set of action points to prevent the looming debt crisis.
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Civil society and labour activists on the platform of Our Water Our Right Africa Coalition have charged African governments to reject all models of water privatisation and demand the return of water systems seized...
Debt loads in low-income countries surged 12 percent to a record $860 billion in 2020 amid the pandemic, prompting World Bank President David Malpass on Monday to call for a "comprehensive plan" to deal with the issue. "Sustainable debt levels are vital for economic recovery and poverty reduction," he said. Efforts to combat Covid-19 exacerbated…
There are indications that the Federal Government will this month move to the second phase of the mass metering programme after failing to achieve projected objectives in the first phase.
The World Bank’s Board of Directors has approved a $400 million dollar credit to Nigeria in additional financing, from its International Development Association
Development is reversing in many countries and it is threatening people’s lives, jobs, livelihoods and sustenance, President of the World Bank Group, David Malpass, has stressed.
The Nigerian government has condemned the discontinuation of the World Bank’s Ease of Doing Business Report 2020.
Rivers State Governor, Nyesom Wike, yesterday, accused the Federal Government of excluding Rivers State from the projects to be executed with the fresh loan being sought from the World Bank.
The World Bank Group on Thursday said it has discontinued the publishing of its Doing Business report after 18 years - the first edition was published in 2003. The doing business index measured regulations directly affecting the ease of doing businesses in 190 countries. World Bank said it reached the decision to discontinue the report…
Heads of the World Bank Group, International Monetary Fund, World Health Organisation (WHO) and World Trade Organisation (WTO) have met with representatives of leading COVID-19 vaccine...
Oyo State Governor, Seyi Makinde, has appealed to the World Bank not to withdraw its conditional no objection for the Second Pool of Long Term Investments (PLTI2) BERs
The World Bank has listed Nigeria among the top 10 countries with high debt risk exposure. Nigeria is ranked fifth on the list with $11.7bn IDA debt stock, while India led the list with $22bn IDA debt stock, followed by Bangladesh with $18.1bn IDA debt stock, Pakistan with $16.4bn IDA debt stock, and Vietnam with…