The World Bank's debt relief work is divided into two main categories: Commercial Debt. In 1989, the Boards of IBRD and IDA approved the Debt Reduction Facility (DRF) for IDA-only countries funds, ...

Countries with high debt payments all hit with tariffs No benefit from falling price of dollar Borrowing costs increasing ...

A report shows that about four African countries are on the verge of defaulting on their debts in 2025, as AfDB warns that the continent faces rising debt servicing.

The World Bank's private investment arm, International Finance Corporation, will provide $300 million in debt financing for Pakistan's Reko Diq copper-gold mining project, an IFC disclosure said on ...

The World Bank is set to approve a total of $632 million in fresh loans to Nigeria on Monday, aimed at supporting crucial ...

When Somalia secured debt relief under the Highly Indebted Poor Countries (HIPC ... Mogadishu had finally shed more than $4.5bn in unsustainable debt to lenders such as the World Bank, African ...