The World Bank expects Nigeria’s economy to grow by 3.6% this year. The World Bank has said that Nigeria’s economy recorded its fastest growth in about a decade in 2024, driven by a strong fourth quarter and an improved fiscal position. During a presentation on Monday, the bank’s lead economist for Nigeria, Alex Sienaert, said…
by Faith Berewa Dear esteemed reader, if I may ask where you were twenty three years ago? What were up to?Entering the university, perhaps graduating? Starting a new job, a family or not even born then?What of the innovation of the past 23 years? The world has seen some of the greatestinventions and advances humanity…
The outlook for people in developing countries remains grim. The COVID-19 pandemic and related shutdowns are challenging the effectiveness of civil and institutional structures around the world and adding to fragility and violence, resulting in interrelated crises for foreign policy, development, and economics. Our estimates show that hundreds of millions of families are suffering reversals in…
BY MARCELLO ESTEVÃO In 2016, the discovery of two large, previously unreported loans sparked an economic crisis in Mozambique. Donor support to the country froze. The government was forced to make deep cuts in public spending. More recently, when Chad and Zambia asked to restructure their debt under the G-20’s Common Framework for Debt Treatments,…
