Tag: World Bank

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World Bank halts new lending to Uganda over anti-LGBTQ law

The World Bank said on Tuesday it would halt new lending to the Ugandan government after concluding that its anti-LGBTQ law, which has been condemned...

World Bank, WTO chiefs seek to reignite services trade negotiations

The heads of the World Bank and the World Trade Organization on Monday called for countries to boost efforts to make trade in global...

Nigeria could save $5.1 billion this year from reforms, says World Bank

Nigeria could save up to 3.9 trillion naira ($5.10 billion) this year alone after reforms to its foreign exchange market and the removal of...

At Paris summit, World Bank unveils debt payment pause for disaster-hit countries

The World Bank chief announced a raft of measures on Thursday to aid countries hit by natural disasters, including a pause in debt repayments...

World Bank cuts 2024 global growth forecast as rate hikes bite but lifts 2023 outlook

The World Bank on Tuesday raised its 2023 global growth outlook as the U.S., China and other major economies have proven more resilient than...

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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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