The World Bank has released a report on Nigeria's worsening economic crisis, showing that 75.5% of the rural population now ...

The World Bank has disclosed that a staggering 75.5 per cent of rural Nigerians are now living below the poverty line, reflecting deepening hardship in the country’s hinterlands.This was revealed in ...

The 21st century requires nimble capital to invest in entrepreneurial capabilities . The world’s development institutions have not adapted overall to the needs of the new economy. It’s time we change ...

In 2024 alone, 62.9 million people—roughly 25% of the population analyzed in seven out of eight IGAD countries—are facing ...

A World Bank study reveals that in-camp refugees in Ethiopia face significantly higher poverty and lower consumption than ...

From the ashes of World War II, President Harry Truman helped create global institutions that have defined international ...

The World Bank has appointed Ndiamé Diop as the new Vice President for Eastern and Southern Africa, effective today. In line with the World Bank's efforts to be closer to clients and enhance service ...

The Rogun Dam in the mountains of Southern Tajikistan, if ever completed, would be the tallest dam in the world. Late last year, the World Bank committed almost $3 billion to finance its development, ...

Inadequate investment in power grids is holding back developing countries in Asia and the Pacific from embracing the full benefits of an energy transition, including enhanced energy security, the ...

Will MCC be shuttered, will it be merged with DFC, or will it be spared? We have the latest on DOGE's targeting of the U.S.

Mohammed AlJadaan, Finance Minister of Saudi Arabia; Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF); and Ajay Banga, President of the World Bank Group (WBG) issued th ...