Tag Archives: World bank

**Says 17 African Countries At High Risk Of Debt Distress Tayo Olanipekun, Washington DC By 2030, nearly nine in 10 extremely poor people will be Africans, and half of the world’s poor will be living in fragile and conflict-affected settings, the World Bank has said. Speaking on Thursday in Washington DC during the opening press briefing at the World Bank/IMF …

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David Malpass, the newly elected president of the World Bank, says nine in every 10 extremely poor people across the world will be Africans come 2030.

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The World Bank has said that the Nigerian economy has been slipping since 1995 and this continued till 2018.

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**Nigerian Senator Disagrees, Says $1 Can Feed A Nigerian Daily Tayo Olanipekun, Washington DC Of the five countries known to be home to half of world’s poor people, Nigeria and the Democratic Republic of Congo (DRC) will see increased poverty in the next 10 years, the Interim President of the World Bank Group, Kristalina Georgieva, has said. She said India, …

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The economies of the South must work together in order to deal with the uncertainties resulting from the current global trade environment, Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), said yesterday in Bali, Indonesia. Speaking during a Panel discussion on “The Growing Importance of South-South Cooperation Amid Trade Tensions and Global Financial Market Volatility” organised on the …

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The World Bank has cut its economic growth forecast for Nigeria and other sub-Saharan Africa countries for this year to 2.7 per cent from an earlier forecast of 3.1 per cent. The bank said on Wednesday that the cut was mainly because of slower-than-expected growth in the continent’s bigger economies, according to Reuters. It said the slower pace of the …

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Sub-Saharan African economies are still recovering from the slowdown in 2015-16, but growth is slower than expected, according to the October 2018 issue of Africa’s Pulse, the bi-annual analysis of the state of African economies by the World Bank. The average growth rate in the region is estimated at 2.7 percent in 2018, which represents a slight increase from 2.3 …

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As part of efforts to improve primary healthcare services across Nigeria, the Global Financing Facility of the World Bank Group has announced an investment of $20 million to support the recently approved Basic Healthcare Provisions Fund (BHCPF) by the federal government. The investment, according to the development partner, will compliment Nigeria’s one percent consolidated revenue fund of N55.1 billion earmarked …

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The World Bank says it has approved a 2.1 billion dollar loan for seven projects to support Nigeria’s investment in nutrition, access to electricity, states’ fiscal transparency and polio eradication. It said this in a statement issued on Thursday in Washington D.C., adding that women’s economic empowerment, public finance and national statistics and reducing vulnerability to soil erosion, are part of the …

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The World Bank Group has expressed its willingness to assist the Federal Government’s Power Sector Recovery Programme with $2.6bn. According to the Federal Ministry of Power, Works and Housing, the financial intervention from the bank for the PSRP would help to fully fund historical and future deficits in the power sector. The PSRP is a series of policy actions, operational, …

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