Tag: World Bank

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World Bank may loosen loan ratio to free up $4 billion a year

The World Bank, under pressure to do more to help developing countries cope with climate change, may change its internal lending guidelines to free...

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...

Zambia rejects China’s call for World Bank to join its debt restructuring – FT

Zambia's finance minister rejected a call from China for the World Bank and other multilateral lenders to join a restructuring of the country's debt...

Yellen wants bolder World Bank steps on climate change, global issues

U.S. Treasury Secretary Janet Yellen urged the World Bank to map out "bolder and more imaginative" steps on Thursday to address global challenges such...

Davos 2023: World Bank: Zambia needs ‘desperate’ debt relief under challenging Common Framework

Zambia needs "desperate debt relief" and agreements under a Group of 20 restructuring vehicle are proving difficult, the World Bank's managing director of operations...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

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...

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