The World Bank Group has approved US$460 million in credits and grants from the International Development Association (IDA) to improve and harmonize data systems in eight countries in Western Africa and three regional organizations. According to the Washington D.C-based development finance institution, the Harmonizing and Improving Statistics in West and Central Africa (HISWACA) Project, Phase […]
The World Bank Group has disclosed that it committed the sum of $31.7 billion this financial year (FY2022) to help countries address climate change challenges. The Washington D.C-based multilateral finance institution in a statement hoisted on its website on Thursday indicated that the amount represented a 19 percent increase over the $26.6 billion financing by […]
The World Bank has announced a $93 billion replenishment package of the International Development Association (IDA) to help low-income countries respond to the COVID-19 crisis and build a greener, more resilient, and inclusive future. The financial support brings together $23.5 billion of contributions from 48 high and middle-income countries with financing raised in the capital markets, repayments, and the World Bank’s own contributions. The financing package, agreed over a two-day meeting hosted virtually […]
The World Bank Group Board has approved a $700 million credit from the International Development Association (IDA) for the Nigeria Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) Project. The Breton Woods institution in a statement indicated that the project would increase the implementation of sustainable landscape management practices in northern Nigeria and strengthen the country’s long-term enabling […]
The World Bank Group and the International Monetary Fund (IMF) have shifted their Annual Meetings scheduled for Marrakesh, Morocco, in October 2021 to 2022 due to the COVID-19 pandemic. The IMF stated on Thursday that the decision to postpone the Annual Meetings was reached after consultations between the two Breton Woods Institutions and the host […]