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WORLD BANK
A survey has revealed 45% of school-aged household members have not engaged in any learning activities since mid-March.
Between 88 million and 115 million people are likely to fall back into extreme poverty as a result of the COVID-19 pandemic in 2020.
The World Bank has finally approved Nigeria’s request for a $1.5 billion budget support loan.
The World Bank says Nigeria’s $1.5 billion budget support loan request is still in the works, but the country has to do a bit more.
The death of former World Bank president, James D. Wolfensohn has been announced.
FG has secured $2m each for the 36 states of the federation through a World Bank-funded programme to develop their land information system.
The G-20 has endorsed a plan which will enable the freezing of debt obligations to developing nations.
According to the World Bank, the remittances to sub-Saharan Africa totalled $48 billion last year.
The World Banks said Coronavirus is morphing into a major economic crisis, with very serious financial consequences.
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.
Total external debt of the least developed countries under the DSSI increased to $744 billion in 2019.