World Bank

World Bank withdraws support for oil, gas industries

The World Bank, which provides developing countries about US$60 billion a year in financial assistance, is officially phasing out its support for the oil…

Nigeria’s economy to edge up at least 2.5% in 2018 – World Bank

The World Bank in its latest report forecasts that economic growth in Nigeria would edge up to at least 2.5…

World Bank to cease financing upstream oil and gas after 2019

The World Bank said on Tuesday it will no longer finance upstream oil and gas projects after 2019, apart from…

World Bank cuts down Kenya growth outlook over credit, spending

The World Bank lowered its economic growth forecasts for Kenya as delays in spending cuts, weak credit extension, and political…

Zimbabwe’s economic situation “very difficult”, says IMF mission chief

Zimbabwe’s economic growth is threatened by high government spending, an untenable foreign exchange regime and inadequate reforms, a senior International…

Afghan economy still hampered by war- World Bank

The Afghan economy remains severely hampered by the new war with the Taliban, a World Bank report said Tuesday. “The…

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