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Nigeria Secures $1.25bn World Bank Facility Under New 2026–2032 Partnership as Debt Crosses $51bn

Adeyemi Daniel AdedayoJuly 1, 2026July 1, 2026

by Adeyemi Daniel AdedayoJuly 1, 2026July 1, 20260

The World Bank has approved a fresh $1.25 billion loan for Nigeria, greenlighting a development policy financing operation that supporters say will accelerate jobs and...

Business Economy

Global finance leaders seek to bolster growth

YoopyaApril 16, 2016June 7, 2023

by YoopyaApril 16, 2016June 7, 20230

The leaders of the International Monetary Fund and the World Bank pledged Thursday to redouble efforts to bolster shaky global growth prospects and combat increasing...

Business Economy News

Economy: World Bank warns of risks for Russia’s economy

YoopyaMarch 26, 2014September 16, 2023

by YoopyaMarch 26, 2014September 16, 20230

MOSCOW (AP) — The World Bank warned Wednesday that Russia’s economy could contract this year if the country is hit with more serious sanctions following...

Africa News World

Kenya’s Willy Mutunga ‘threatened’ over Kenyatta case

YoopyaFebruary 20, 2013

by YoopyaFebruary 20, 20130

Kenya’s Chief Justice Willy Mutunga says he has been threatened with “dire consequences” if the courts barred presidential candidate Uhuru Kenyatta from contesting next month’s...

News World

Assange says ready for life in Ecuador

YoopyaJune 22, 2012

by YoopyaJune 22, 20120

(Reuters) – WikiLeaks founder Julian Assange said on Friday that he was ready for a life in Ecuador and said the country had been “quite...

Africa News World

World Bank also aids developed countries: Zoellick

YoopyaMay 3, 2012

by YoopyaMay 3, 20120

By Doug Palmer WASHINGTON (Reuters) – Outgoing World Bank President Robert Zoellick on Wednesday gave an impassioned defense of the institution he has run for...

Africa News World

Ocampo hopes to open World Bank leadership to all

YoopyaMarch 29, 2012

by YoopyaMarch 29, 20120

By Lesley Wroughton WASHINGTON (Reuters) – Former Colombian finance minister Jose Antonion Ocampo knows he faces a tough battle to head the World Bank but...

News Us

Obama taps public health expert for World Bank

YoopyaMarch 24, 2012January 27, 2024

by YoopyaMarch 24, 2012January 27, 20240

By Lesley Wroughton WASHINGTON (Reuters) – U.S. President Barack Obama on Friday nominated a Korean-American known for his work in fighting disease in impoverished countries...

Africa News

Three-way World Bank race seen as deadline looms

YoopyaMarch 23, 2012

by YoopyaMarch 23, 20120

By Lesley Wroughton WASHINGTON (Reuters) – The United States faces an unprecedented challenge to its grip on the World Bank presidency, with emerging economies poised...

Business News

World Bank’s Zoellick to step down, U.S. eyes spot

YoopyaFebruary 16, 2012

by YoopyaFebruary 16, 20120

(Reuters) – World Bank President Robert Zoellick said on Wednesday he will step down in June and Washington pledged to put a replacement candidate forward...