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Food price inflation remains high globally –World Bank

The World Bank says inflation in food prices remains high globally. It made the declaration in its latest Food Security…

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Global growth slows to 2% in 2023 – World Bank

The World Bank Group President, David Malpass says global growth is expected to be weak in 2023, slowing to two…

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Nigeria’s debt to World Bank increases to $13.9bn

Nigeria’s total indebtedness to the World Bank rose to $13.9 billion as of December 2022, an increase of $1.5 billion…

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World Bank announces Ajay Banga as sole nominee for President

The World Bank Group’s Board of Executive Directors announced that Ajay Banga, a U.S. national, was the only nominee for…

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World Bank chief announces intention to step down early

World Bank Group President David Malpass on Thursday, announced his intention to step down a year before the end of…

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World Bank downgrades 2023 global growth forecast to 1.7%

Global economic growth was projected to slow to 1.7 per cent in 2023, 1.3 percentage points below the forecast made…

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World Bank downgrades 2023 global growth forecast to 1.7%

Global economic growth was projected to slow to 1.7 per cent in 2023, 1.3 percentage points below the forecast made…

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W’ Bank: Low-income countries’ debt rises to $9trn in 2021

The World Bank says the external debt stock of low-income and middle-income countries doubled over the past decade to $9…

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Senate stops construction of World Bank supported pit toilets in Abuja

By Ben Adoga The Senate yesterday stopped further constructions of public pit toilets going on in some parts of the…

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Recession imminent next year – IMF, W’Bank warn Nigeria, other countries

The leaders of the IMF and World Bank have said much of the world will slide into recession next year,…

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