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 […]
Tag: International Bank for Reconstruction and Development (IBRD)
World Bank/IMF Shift 2021 Annual Meetings in Morocco To 2022
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 […]
World Bank Grants Ogun State $60m For Rural Projects
The World Bank Group has approved $60 million grant for the implementation of rural and marketing projects in Ogun State. The approval, which came through the bank’s International Bank for Reconstruction and Development (IBRD), was for the World-Bank assisted Rural Access and Agricultural Marketing Project in the state being done in conjunction with the state […]