Tag: World Bank

Remittances Flow to low- and middle-income countries are projected to grow $589 by billion in 2021

Remittances to low- and middle-income countries are projected to have grown a strong 7.3 percent to reach $589 billion in 2021. This return to growth is more robust than earlier…

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World Bank and African Union Team Up to Support Rapid Vaccination for Up to 400 million People in Africa

The African Finance Ministers and the World Bank Group met today to fast track vaccine acquisition on the continent and avoid a third wave. In a boost to the African…

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Between Nigeria and World Bank

Feyi Fawehinmi A few weeks ago, reports began to appear in local and International outlets suggesting that the US$1.5 billion loan Nigeria had arranged with the World Bank had been…

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Why South Africa May Give in to IMF By Introducing Debt Ceiling

Country ‘open to’ a debt limit, Mboweni and Kganyago say  Measures to rein in debt to be introduced from fiscal 2022 South Africa may introduce a debt limit in its…

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Trade Pact to Give World Bank Trade Pact to Give Africa $450Billion Boost

An Africa-wide free-trade pact could bolster the region’s income by $450 billion and lift 30 million people out of extreme poverty by 2035, if accompanied by significant policy reforms and…

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Okonjo-Iweala for WTO Screening today

The race for who becomes the next director-general of the World Trade Organisation enters a new phase this week as eight candidates from four continents appear before WTO members to…

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Okonjo-Iweala To Make Presentation to WTO General Council Next Week

Nigeria’s former Minister of Finance and the country’s candidate for the position of Director General, World Trade Organisation (WTO), is expected to make a presentation to the General Council of…

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Naira trades at N381/$

The naira resumed trading on the official market at 381 to the dollar after no quotes for two straight sessions, as the central bank unified the country’s multiple exchange rates,…

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For out-of-school children,FG seeks World Bank’s assistance

    The Federal Government has called on the World Bank to assist Nigeria in reducing the number of out-of-school children from 10 to 5 million by the year 2023.…

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Nigeria’s Oil Revenue to Shrink by 70% in 2020, says World Bank

The World Bank has estimated that Nigeria will lose up to 70 per cent of its earnings from crude oil sales in 2020 due to the devastating impact of the…

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