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Sunday, April 5, 2020

World Bank

World Bank, IMF call on bilateral creditors to suspend debt payments from poor countries

  The World Bank Group and International Monetary Fund, with immediate effect, have called on all official bilateral creditors to suspend debt payments from International Development Assistance (IDA) countries that request forbearance. This decision has become necessary due the coronavirus outbreak,...

87% of Nigeria’s poor people are in the North, says World Bank

    ....Pres. Buhari's North-West records  half of the figure A huge 87 per cent of the poor and wretched in Nigeria are in the Northern zone, according to a World Bank report.  The World Bank notes that although Nigeria is richly endowed, it has...

Nigeria needs $3 trillion to address infrastructure deficit- Finance Minister

  Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has disclosed that Nigeria requires about $3 trillion over the next 30 years to sufficiently address its infrastructure deficit. The finance minister added that Nigeria currently have a pervasive revenue generation...

Minister of Finance, Budget and Planning, CBN Governor at the Plenary Session of the IMFC

      Kristalina Georgieva, IMF boss, former MD IMF Christine Lagarde, Nigeria'sMinister of Fianace, Budget and planning, Zainab Ahmed, Central Bank Governor, Mr. Godwin Emefiele, Dr. Kingsley Obiora, Alternate Executive Director, Africa Group One Constituency at the IMF.            

Nigeria’s $3bn World Bank facility ‘ll be invested in power sector — Finance Minister

Kunle Akinsola Nigeria is set to access the World Bank facility of three billion dollars, according to the Finance Minister, Zainab Ahmed. Speaking in Washington DC at an interactive session with  with journalists, Ahmed, disclosed that the facility which will be...

World Bank commits  $15bn to reducing child mortality, stunting in Africa

By Ruth Olurounbi, in Washington DC   The World Bank will spend as much as $15 billion in fiscal years 2021-2023 to “drastically” reduce child mortality, stunting and increasing learning outcomes in the Sub-Saharan Africa, the bank’s Vice President for Africa Hafez...

David Malpass is new World Bank president

The World Bank's executive board on Friday unanimously approved David Malpass as the development bank's 13th president. The 63-year-old senior US Treasury official begins his five-year term as head of the World Bank on Tuesday, replacing former president Jim Yong...

Ivanka Trump under consideration to lead World Bank

President Donald Trump's daughter, Ivanka Trump, who works as a White House adviser, is one of the names being considered as a replacement for The World Bank's outgoing president, Jim Yong Kim. Other possible American nominees to lead the bank...

In Photos: A Look at CBN Governor Emefiele at the World Bank, IMF Spring Meeting

Per Second News Here’s a look back at what happened during World Bank/IMF Spring meeting in Washington.            
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Latest News

Covid-19 lockdown violation: Funke Akindele arrested

: ... police issue warrant for hubby, Naira Marley For hosting a birthday party in violation of the COVID-19 lockdown, Funke Akindele,...
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COVID-19 Fatalities : 36-year-old male patient dies of virus in Lagos, the second 

  The Lagos COVID-19 centre has lost another patient, according to the State Commissioner for Health, Prof. Akin Abayomi. He announced on Sunday: “We lost a...

SERAP asks FG, CBN to provide spending details on COVID-19 relief funds, school feeding

    Socio-Economic Rights and Accountability Project (SERAP) has asked the Federal Government and Central Bank of Nigeria (CBN) to “provide spending details of public funds...

10 new cases push Nigeria’s coronavirus patients to 224

    The Nigeria Centre for Disease Control (NCDC) on Sunday confirmed 10 new cases of coronavirus, increasing the total number to 224. “Ten new cases of...

COVID-19 claims medical doctor, two other Nigerians in US

  Three Nigerians including a medical doctor have died from the coronavirus disease (COVID-19) in the United States, a report said on Sunday.The Consul General...