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Ghana to lose $3.8 billion World Bank funding if anti-LGBTQ+ bill is signed into law Ghana could lose $3.8 billion of World Bank funding if an anti-LGBTQ bill passed last week is signed into law, according to a Finance Ministry document seen by Reuters. BBC reports that the financial authorities in Ghana are suggesting that President
The World Bank has reported that approximately 99.9% of targeted poor and vulnerable households are yet to receive the Federal Government’s recently announced N25,000 per month cash handout. According to The Times, data from the World Bank’s Lead Economist for Nigeria, Alex Sienaert, was presented last week in Abuja during the Nigeria Development Update, December 2023
Nigeria has maintained its fourth position on the World Bank’s top 10 International Development Association (IDA) borrowers’ list after moving up from fifth in the 2022 fiscal year. Even though Nigeria maintains the fourth position, it has accumulated about $1.3 billion in debt within one year. This was disclosed in the World Bank Fiscal Year
The World Bank Group discussed a new five-year Country Partnership Framework from 2021 to 2024 with Nigeria and approved a $1.5bn package to help build a resilient recovery post-COVID-19. The bank disclosed this in a statement entitled “World Bank Group to boost Nigeria’s efforts to reduce poverty,” on Tuesday. It stated that Nigeria was at