Tag: David Malpass

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World Bank’s long-awaited reform plan would boost lending by US$5 billion a year

The World Bank on Thursday submitted a long-awaited reform plan that would boost annual lending to middle-income countries to fight climate change and other global crises...

World Bank president David Malpass quits

The president of the World Bank will step down from his post in June, leaving the organisation almost a year before his term was due to...

Debt-service payments put biggest squeeze on poor countries since 2000

The poorest countries eligible to borrow from the World Bank’s International Development Association (IDA) now spend over a tenth of their export revenues to...

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Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

IMF: South Africa needs decisive efforts to cut spending

South Africa needs more decisive efforts to cut spending...

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

Half of the world's 75 poorest countries are experiencing...

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