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Liberia Gets Major Funding From World Bank

Liberia Gets Major Funding From World Bank

Two financing agreements were on Friday, March 12, 2021, approved by the World Bank, through the International Development Association, a statement posted on the Information Ministry Facebook page Tuesday, March 16, 2021, has disclosed. The agreements under the banner of the “IDA Support program” seek to increase access to sustainable, reliable and affordable energy, and […]

World Bank Allocates $300 Million To Help Tunisia Fight Poverty

World Bank Allocates $300 Million To Help Tunisia Fight Poverty

 The World Bank said on Monday it will allocate $300 million to help about 1 million poor families in Tunisia which suffer from economic and social problems that have led to an increase in protests against social injustice. “The only condition for this support is transparency and that support is to go directly to poor […]

Tanzania Lets Pregnant Girls Attend School With World Bank Project

Tanzania Lets Pregnant Girls Attend School With World Bank Project

Thousands of pregnant girls will attend school in Tanzania as part of a $500-million World Bank loan which had been delayed for years due to the country’s ban on expectant students. Tanzania’s education minister Joyce Ndalichako said the loan aimed to improve access to and the quality of secondary education for all Tanzanian students – […]

World Bank Approves Opposed $500m Education Loan To Tanzania

World Bank Approves Opposed $500m Education Loan To Tanzania

The World Bank has finally approved the $500 million education loan that was delayed following pressure from civil society organisations which raised concerns over schoolgirls’ rights. The global lender said in a statement on Wednesday, April 1, that the education support will directly benefit about 6.5 million secondary school students by strengthening government-run schools and […]

World Bank Disregarding Ban On Pregnant Schoolgirls

World Bank Disregarding Ban On Pregnant Schoolgirls

The World Bank may reverse its hold on a US$500 million education loan to Tanzania despite the government’s policy of expelling pregnant schoolgirls. On January 28, 2020, the World Bank Board of Executive Directors will vote on the loan to fund Tanzania’s secondary education strategy. “The World Bank understands that providing girls with safe, quality […]

World Bank Blacklists Six Chinese Firms In Nigeria For Contract Fraud, Corruption

World Bank Blacklists Six Chinese Firms In Nigeria For Contract Fraud, Corruption

Some Chinese companies in Nigeria have been blacklisted by the World Bank for fraud and corruption. The companies include China Railway Construction (International) Nigeria Company Limited, China Railway 18th Bureau Nigeria Engineering Company Limited, CCECC Nigeria Lekki (FTA) Company Limited, CCECC Nigeria Railway Company Limited, CRCC Petroleum & Gas Company Limited, and CCECC Nigeria Company […]

54,000 Women To Benefit From $15 Million World Bank Programme In Kebbi

54,000 Women To Benefit From $15 Million World Bank Programme In Kebbi

Governor Atiku Bagudu of Kebbi State says the World Bank assisted “Nigeria for Women Project” will expend $15 million on the execution of the programme in three local government areas of the state. Mr Bagudu disclosed this while answering questions from journalists after meeting with a delegation of the World Bank who paid him a […]

Kenya Seeks U.S.$740 Million From World Bank

Kenya Seeks U.S.$740 Million From World Bank

For the first time in more than a decade, Kenya has reached out to the World Bank for an urgent loan in the form of budget support. This signals the gravity of the country’s rapidly deteriorating cash-flow situation that is characterised by falling revenues and worsening debt service obligations. PUBLIC PURSE The Nation has learnt […]

World Bank Appoints Prof Pate As Global Director

World Bank Appoints Prof Pate As Global Director

The World Bank has confirmed the selection of Dr. Muhammad Pate as its Global Director for Health, Nutrition and Population and also Director of Global Financing Facility for Women, Children and Adolescents (GFF). The appointment takes effect from July 1, 2019. Until recently, Dr. Pate was the CEO of Big Win Philanthropy in the UK, […]

Nigeria’s Economy Is Bleak, Says World Bank

Nigeria’s Economy Is Bleak, Says World Bank

The World Bank has said that Nigeria’s Gross Domestic Product (GDP) growth is expected to hover slightly below two per cent in 2018, largely driven by non-oil industry and services. Its “Economic Update” issued in Abuja yesterday indicates that Nigeria, like many other countries, has underinvested in human capital and remains very low compared to […]

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