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 […]
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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 […]
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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, […]
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The World Bank estimates that rising food prices will push an additional six million Nigerians into poverty, urging the government to focus on short-term welfare policies. The Washington-based institution stated this in its latest report titled ‘COVID-19 in Nigeria: Frontline Data and Pathways for Policy’. The World Bank estimated in June that rising prices alone […]
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The World Bank says the increase in food prices could push additional six million Nigerians into poverty — calling on the government’s attention for short-term policies to support welfare. The Washington-based institution stated this in its latest report titled ‘COVID-19 in Nigeria: Frontline Data and Pathways for Policy’. In June, the World Bank said an estimated 7 million Nigerians were […]
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The World Bank has stated that the destruction caused by the Boko Haram sect caused economic activities in the north-eastern part of the country to decline by 50 per cent. The multilateral institution noted that Adamawa, Borno and Yobe states which are in the Lake Chad region saw economic activities decline from 10 to 14 […]
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By Ian Richards, UNCTAD economist © Jono Erasmus In September the World Bank announced it was “discontinuing” its “Doing Business” report, which ranks countries on the ease of opening and operating a company. It cited the outcome of an investigation that found the World Bank had changed the rankings under pressure of funding. This wasn’t the first […]
Continue ReadingRemarks by World Bank Group President David Malpass to the Summit of the Heads of State of the Central African Economic and Monetary Community Your Excellencies, Presidents, Distinguished Guests, Ladies and Gentlemen, I am pleased to participate in today’s Summit, which is taking place at a critical juncture for the Central African Economic and Monetary Community (CEMAC). I join with you […]
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The World Bank and the African Development Bank (AfDB) have provided the the sum of $550 million in funding to support the implementation of the Rural Electrification Agency’s off-grid solution projects. Mr Ahmed Abubakar, Communication Expert, REA, who made this known in a statement in Abuja, added that out of the amount, $213 million was […]
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