Nevertheless, poverty remains high and inflation is expected to remain over 20% through the year. The report comes amid a raft of reforms by President Bola Tinubu’s government. Nigeria’s gross domestic product (GDP) grew by 3.4% in...
The US president has ordered a review of US-funded international organizations, which he claims unfairly benefit other nations. As the IMF and World Bank hold their Spring summits this week, are their futures secure? The International...
Many African countries are struggling to service their debts, prompting many observers to call for urgent global action and greater involvement of African stakeholders in developing solutions. The rising costs of energy and food imports,...
China’s economic malaise is weighing heavily on East Asia as a whole, one of the world’s key economic engines. But reforms in one sector could work wonders, the World Bank says. East Asia has been...
Challenging the World Bank and the IMF as a response to their failed reforms or complementing the existing market players with efficiency and not a competition, the New Development Bank focuses beyond those things and...
The World Bank has approved a multi-million-dollar grant for Myanmar to support reform endeavors in the country formally known as Burma. It’s the first financial aid provided to the nation in over two decades. The...
While addressing the Development Committee meeting of the World Bank in Tokyo, Finance Minister P. Chidambaram wants urgent steps at the international level needs to initiate to curtail the diversion of foodgrains for alternative uses....
