The World Bank has projected that Nigeria would record a 2.9% real GDP growth in 2023 after growing by 3.1% last year as it revised its 2023 global economy’s growth forecast to 1.7% down from the 3.0% growth projection it earlier made. Specifically, the Washington D.C- based development finance institution, in its latest ‘Global Economic Prospects’ […]
Apparently miffed by the worsening impact of the COVI9-19 pandemic on the global community, particularly its crippling effects on businesses and social welfare of billions pf people, the World Bank on Thursday promised to commit more efforts and resources to frontally control its further spread in the months ahead. Giving the assurance during the world […]
There are strong indications that the week-long International Monetary Fund (IMF) and World Bank Group annual meetings will kick off today amid anxieties among attendees as data-rigging allegations levelled against IMF Managing Director, Kristalina Georgieva, may impact the opening of meetings in Washington, D.C, United States. The meetings will be opened despite the fact that […]
The World Bank President, David Malpass, has advocated the need for debt cancellation for the poorest countries as the COVID-19 pandemic could trigger a debt crisis in some nations. Malpass, while making a strong case for debt forgiveness for the affected countries globally during a media interview on Sunday, said investors must be ready to […]