The Worl Bank will have to spend at least $70 billion per year to tackle the impact of the pandemic induced poverty.
A World Bank report says about 1 billion students in developing countries may be out of school due to the looming second wave of COVID-19.
As many as N150 million will fall into extreme poverty, the World Bank has predicted.
The World Bank boss warned that the pandemic could trigger another debt crisis, hence, the need for debt cancellation.
The World Bank sees an opportunity to extend relief under the Debt Service Suspension Initiative
The World Bank Group will deploy $150 billion over the next 15 months to stimulate economic recovery in countries affected by the Coronavirus.
Developing countries struggling with the spread of Coronavirus will receive financial support from the World Bank to battle the virus.
IMF and World Bank have announced that the meetings set for April 16-18 would be done in a virtual format due to the coronavirus epidemic.
World Bank has approved about $2.2 billion loans for Nigeria to iuplift human capital and economic development in 2020.
AfDB has accused the World Bank of misleading the public following the latter’s allegation that the former contributes to the debt problem of African countries