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Friday, July 3, 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: Poor sensitization, advocacy at grassroots may hinder fight – Monarch

  Poor public sensitization, enlightenment and advocacy may have dogged the fight against the COVI9-19 pandemic particularly at the grassroots,...
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COVID-19 : NAFDAC officials swoop on herbal product unveiling event, seal factory 

  Disorder and commotion reigned in Abeokuta, Ogun State capital at the unveiling of an anti-COVID-19 herbal syrup as officials of the National Agency for...

COVID-19 transmission: NCDC blames youths, says responsible for fatalities of the aged 

  The Nigeria Centre for Disease Control (NCDC) has blamed youths for the transmission of Coronavirus and infecting the elderly across the country,. It said younger people of...

NSITF MD, Executive Directors, others given the boot 

  The Managing Director/Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Mr Adebayo Somefun, has been suspended indefinitely on the orders of President...

NNPC allays fears of fire outbreak on vandalized Lagos pipeline  

  The Nigerian National Petroleum Corporation (NNPC) has allayed the fears of Lagos residents of a possible fire outbreak from a vandalized point on its...