The World Bank's approval of over N13.21 trillion ($8 billion) in loans for various developmental projects in Nigeria under President Bola Ahmed Tinubu's administration in the last 20 months ...

Loans and the World Bank The Bank lends money to middle-income countries at interest rates lower than the rates on loans from commercial banks. In addition, the Bank lends money at no interest to the ...

Due to the poverty of IDA recipients, IDA loans have been extended interest free (except for a 0.75 percent service fee) for 40 years. Repayment of the loan is scheduled over 30 years following a ...

The World Bank (and the IMF) should get credit for increasing their lending to the world's poorest countries during the pandemic. But without additional action, net flows to developing economies ...

Advocacy group, Socio-Economic Rights and Accountability Project, has urged President Bola Tinubu to reject the recently approved $1.08bn World Bank loan and instead prioritise the investigation ...

South Africa has signed a $1.5 billion loan agreement with the World Bank, aiming to overhaul its transport and energy ...

"From a pure economic vantage point, there is no good reason for the World Bank to continue making loans to China," says Eswar Prasad, a professor of economics at Cornell University. "The Chinese ...

The World Bank, a cooperative owned by its 189 member countries, provides development loans through one of its two agencies, the International Bank for Reconstruction and Development (or IBRD).

South Africa's National Treasury says the World Bank has granted South Africa a $1.5 billion loan to upgrade transportation infrastructure and help it transition toward a low-carbon economy ...