World Bank

World Bank President David Malpasshas planned to step down a year before his term is set to end, the organization announced Wednesday.Malpass will leave his position on June 30, the end of the World Bank's fiscal year, after serving more…

The Moroccan government, the World Bank and the International Monetary Fund have disclosed plan to postpone plans to hold the World Bank Group-IMF Annual Meetings in Marrakesh. The meeting, which was scheduled to hold in October 2021, has…

The Moroccan government, the World Bank and the International Monetary Fund have disclosed plan to postpone plans to hold the World Bank Group-IMF Annual Meetings in Marrakesh. The meeting, which was scheduled to hold in October 2021, has…

The World Bank has approved $12 billion for developing countries to finance the purchase and distribution of novel coronavirus vaccines, tests, and treatments for their residents.According to statement released on Tuesday October 13,…

The Liberian Ministry of Health has received ten new hard top ambulances from the World Bank to ensure the safe transfer of patients to health facilities across the Country.The donation made will strengthen President George Manneh…

World Bank Board of Directors has recently approved a project to support Sudan’s students continued learning at home, and safe transition back to school during recovery from COVID-19 pandemic.Funded by a $10.6 million grant from the…

The World Bank Group's private-sector arm has announced plan to launch a $4 billion financing platform to boost the production and supply of critical health care products.While disclosing this on Wednesday July 29, 2020, the group stated…

World Bank: Nigeria may face worst recession in 40 yearsThe World Bank, on Thursday, said the recent collapse in crude oil prices and the COVID-19 pandemic may “plunge the Nigerian economy into a severe recession, the worst since the…

The World Bank Group approved a $500 million program to help countries in Africa and the Middle East fight the locust swarms that are threatening the food security and livelihoods of millions of people.The Emergency Locust Response…

The World Bank has approved $50 million for Egypt as an emergency response under the World Bank Group’s new Fast Track COVID-19 Facility - a global effort to help strengthen the COVID-19 response and shorten the recovery time.The project…

World Bank’s International Development Association has approved $40 million grant to provide income support to nearly 430 000 low income South Sudanese.While disclosing this in Sudan on Thursday April 30, 2020, the country's Minister of…

World Bank has donated a grant worth $5.8 million to the Palestinian authorities as a support towards the fight against coronavirus.In a statement released, World Bank stated that the grant was aimed at enabling the Palestinian…

Somalia has disclosed clearance of its arrears to World Bank Group.The Federal Government of Somalia disclosed this on Monday March 9th, 2020.With this clearance, Somalia has fully re-established its access to new resources from IDA…