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According to NAN, World Bank’s country director for Nigeria, Shubham Chaudhuri stated that taxes on tobacco, alcohol and sugar-sweetened beverages would reduce the health risks associated with their consumption and expand fiscal space for universal health coverage post-COVID 19.
The World Bank said it has suspended aid to Sudan due to the military takeover that deposed the prime minister. “I am greatly concerned by recent events in Sudan, and I fear the dramatic impact this can have on the country’s social and economic recovery and development,” World Bank President […]
IMF chief Kristalina Georgieva on Thursday disputed an independent investigation which found that in her previous job at the World Bank, she pressed staff to alter a report to avoid angering China. Based on the findings, the World Bank announced it was immediately discontinuing its Doing Business report after the […]
Climate change could push over 200 million people to move within their own countries in the next three decades if urgent action is not taken, a World Bank report has found.
Finance ministers of G-20 countries have given the approval for an extension of debt relief for the world’s poorest nations till December 2021. World Banks President, David Malpass, made the announcement at the virtual spring meeting, on Wednesday. The G-20, is a group of finance ministers and central bank governors […]
The World Bank in says Nigeria made an early exit out of recession than projected its October 2020 forecast for Sub-Saharan Africa (SSA). The bank made this known in its latest Africa Pulse Report for April 2021 titled, ‘COVID-19 and the Future of Work in Africa: Emerging Trends in Digital […]
After contracting by 2 percent last year, economic growth in Sub-Saharan Africa (SSA) is expected to rise between 2.3 percent and 3.4 percent in 2021, the World Bank says. According to the bank, the prospects for recovery in SSA economies are strengthening amid actions to contain new waves of COVID-19 […]
The World Bank has approved $500 million to support Nigeria in improving operations of electricity distribution companies (DisCos). According to the bank in a recent statement, the support is under its distribution sector recovery program (DISREP). It said the project will assist in boosting electricity access by improving performance DisCos […]
The number of poor people in Nigeria will increase by 20 million by 2022, the World Bank has projected. World Bank senior economist, Gloria Joseph-Raji, disclosed this on Tuesday while speaking on at the launch of a 2021 macroeconomic outlook report by the Nigeria Economic Summit Group (NESG). Quoting the […]
