Tag Archives: World Bank

World Bank gives $1b financial assistance to Egypt

The World Bank has disbursed another $1 billion financial assistance to Egypt out of its $3 billion loan programme with the country. Egypt had been negotiating billions of dollars in aid from various lenders to help revive an economy hit ...

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World Bank to fight hunger in Nigeria, sub-Saharan Africa and Yemen

World Bank Group President Jim Yong-Kim on Thursday said the bank was working toward raising 1.6 billion dollars to build social protection systems to end food insecurity in sub-Saharan Africa and Yemen. In a statement made available to newsmen by ...

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World Bank agric aid to Nigeria hits $1.5bn

The World Bank says the worth of its projects in the agriculture sector in Nigeria is 1.5 billion dollars.The Senior Chief Agric. Economist of the organisation, Dr Adetunji Oredipe, made this known to newsmen at a live Video Conference to ...

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IMF inaugurates zero interest rates

The International Monetary Fund, IMF, has introduced zero interest rates on all its concessional facilities to low income countries until 2018. The Managing Director, IMF, Ms Christine Lagarde, disclosed this on Thursday at the ongoing IMF/ World Bank 2016 General ...

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CALAMITY: World Bank officials drown in Nigeria

Four World Bank officials have drowned at Egbe Dam in Egbe Ekiti, Gbonyin Local Government Area of Ekiti State, South-West Nigeria.Egbe Dam is the biggest of the six dams in the state. Folasade Akinrinmola, the chairman of the council and ...

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World Bank ready to splash about $2.1 billion to rebuild Nigeria’s northeast

Julia Payne of Reuters reports that Nigeria’s presidency said on Tuesday the World Bank had pledged to spend up to $2.1 billion to rebuild the northeast of the country that has been devastated by Boko Haram militants. President Muhammadu Buhari ...

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