Tag Archives: World Bank

Lusaka, Zambia | Xinhua | The Zambian government on Monday refuted a Western media report that it does not support China’s call for the World Bank and other multilateral lenders to join Zambia’s debt restructuring process. Zambian Minister of Finance and National Planning Situmbeko Musokotwane said that contrary to the Financial …

Nairobi, Kenya | Xinhua | The World Bank on Tuesday forecasted the sub-Saharan Africa (SSA) economy to slow to 3.6 percent in 2023 and rise to 3.9 percent in 2024. According to the World Bank’s latest Global Economic Prospects report, the growth was revised down for almost 60 percent of countries, …

Dar es salaam, Tanzania | Xinhua | The World Bank has earmarked about 15 million U.S. dollars to accelerate regional digital integration efforts across the East African Community (EAC), the EAC said in a statement on Saturday. The statement, issued by the EAC headquarters in Tanzania’s northern city of Arusha, said the …

Mogadishu, Somalia | Xinhua | The World Bank said it has approved a 70 million U.S. dollar International Development Association (IDA) grant to develop resilient water, agriculture, and environmental services for rural communities in Somalia’s drylands. The Somalia Water for Rural Resilience Project, known as “Barwaaqo” and builds on the Biyoole project, …

COMMENT | Victoria Kwakwa  | Every year at the end of November, activists speak out to remind the world of the scourge of gender-based violence and the World Bank lends its voice to the 16 Days campaign to prevent and eliminate violence against women and girls. The issue for me coalesces around fundamental …

Nairobi, Kenya | THE INDEPENDENT | The International Monetary Fund, the World Bank and national lenders like the US, China and Japan are yet to agree on the modalities of debt relief for poor countries, as eligible ones remain reluctant to apply. A few countries have been processing their requests …

Kampala, Uganda | THE INDEPENDENT | Experts have faulted the government for using statistics that do not give the real picture of the state of affairs to define the performance of the economy. An example is the Debt-to-GDP ratio that the government uses to determine the safety and strength of the …

Visibly angry UBOS boss Mukiza explains Uganda’s position Kampala, Uganda | THE INDEPENDENT | The  Uganda Bureau of Statistics-UBOS and the World Bank have disagreed on the methodology used in determining the country’s economic status. They will however release a joint statement in the next 24 hours on Uganda’s status. …

Kampala, Uganda | THE INDEPENDENT | The World Bank has put the per capita income of Uganda at 850 dollars for the financial year end 2022, with the economy growing at an estimated 3.7 percent. According to the Bank, this average income by a Ugandan is far below the lower-middle-income threshold …

Accra, Ghana | Xinhua | The World Bank Group seeks to double its funding for education in the Western and Central African region by 2025 to accelerate the work of educational reforms, a senior official of the bank said on Monday. Ousmane Diagana, the World Bank Vice President for Western and …