Tag: World Bank
Poor countries paid a record amount in 2023 to repay their debt
Developing countries have dedicated $1.4 trillion in 2023 to repaying the interest on their debts alone. A historic level that has not been reached for 20 years, according to an…
the World Bank prioritizes job creation and agriculture
The major meetings of the World Bank (WB) and the International Monetary Fund (IMF) begin this Monday, October 21 in Washington. This annual meeting lasts all week. The opportunity for…
World Bank calls on private investors to support businesses
Following the various shocks of recent years, the public finances of African states have been put to the test. In this context, the World Bank underlines in a report published…
World Bank suspends disbursements due to unpaid bills
In Gabon, the situation is tense with the World Bank. In a note dated July 1, the monetary institution announced the suspension of disbursements to Gabon. The World Bank accuses…
the IMF and the World Bank release their first joint climate loan
The announcement was made this Friday, June 21 in Madagascar. In a joint press release, the World Bank and the International Monetary Fund announced they would release a loan of…
the World Bank announces to resume disbursements suspended after the July putsch
The World Bank announced on Friday May 17 that it would resume its disbursements in Niger to relaunch important projects. The organization suspended its disbursements on August 2, just after…
Money transfers by migrant workers on the rise, says World Bank report
Remittances from migrant workers are crucial for families during difficult times. According to the latest World Bank report, these transfers increased in 2023, but less than the previous two years.…
towards an agreement on the country’s external debt, according to the IMF
Zambia is on the verge of signing an agreement on its external debt with its creditors, according to an IMF spokesperson, who qualifies the comments of Kristalina Georgieva, the boss…
Growth in sub-Saharan Africa continues to slow
This is the observation made by the World Bank. The financial institution published its World Economic Outlook on Tuesday, June 7. The picture drawn is rather gloomy. The prospects for…
While the global economic growth was on the decline, the World Bank raised its growth forecast for Turkey!
In the analysis in the Global Economic Prospects Report published in June, the World Bank stated that while the global economic growth was 3.1 percent last year, it will decline…