Tag: World Bank

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World Bank approves $1 billion loan to help South Africa tackle power crisis

The World Bank said on Wednesday that its board had approved a $1 billion loan to help South Africa reform its energy sector, as...

World Bank’s Banga says geopolitics pose biggest, but not the only, risk to world economy

Geopolitical tensions heightened by the Middle East conflict pose the biggest threat to the world economy right now but other risks are also at...

World Bank to implement LGBTQ safeguards before new Uganda funding resumes

The World Bank will aim to ensure gay and transgender Ugandans are not discriminated against in its programmes before resuming new funding, which was...

Multilateral development banks, keen to expand lending, to meet with ratings agencies

Senior executives at multilateral development banks will meet on Wednesday with the top credit ratings agencies, bank executives said, amid a broad push to...

Emerging economies face China and rate pressures as IMF, World Bank meet

Emerging economies are facing headwinds from all sides, with a recent selloff in U.S. Treasuries and China's slowing economy adding layers of uncertainty while...

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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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