Analysts have said there is hope for households and businesses as the lingering pressure on the naira is projected to ease in the second quarter of 2024. Their projections are premised on the expected inflows from external borrowing, donor support and oil sales. “We expect donor support and external borrowing to boost FX reserves,” Razia … Continue reading Naira shows recovery signs again
Global commodity markets could face "dual shock" when the latest conflict in the Middle East, on top of disruptions caused by the Russian war on Ukraine, escalates, the World Bank warned on Monday. This could push global commodity markets into "uncharted waters," the bank said in its latest Commodity Markets Outlook report. The bank expected … Continue reading World Bank warns of disruption in global commodity prices due to Middle East conflict
The World Bank has suspended funding for humanitarian and development projects in Democratic Republic of Congo worth more than 1 billion U.S. dollars after the government dissolved the project fund without warning, the lender said. The suspension will affect more than 600,000 beneficiaries, including victims of sexual violence, the World Bank told DR Congo's finance … Continue reading World Bank suspends $1bn worth of project funding in DR Congo
Innovations in pandemic financing have been developed in response to the significant burden that a pandemic can place on a country’s financial resources. One such innovation is the World Bank’s Pandemic Emergency Financing Facility (PEF) (Katz and Seifman 2016).3 A type of disaster risk pool, the PEF provides poorly resourced countries with an infusion of funds … Continue reading Pandemic intervention costs and cost-effectiveness
The World Bank and the International Monetary Fund (IMF) were set up during the end of the Second World War (WWII) to rebuild the economies of Europe. However, in order for the World Bank and IMF to implement their policies, they global financial institutions began offering loans to poor countries but only if the … Continue reading How the IMF and World Bank destroyed Africa
Data credibility has been a problem since Greece applied to join the European Union in 1999. It is also a fact that most researchers, when citing the origins of the Greek financial crisis, use fabricated statistical data provided by the government. This was evident in the widely criticized deal between Goldman Sachs and the … Continue reading An assessment of the Greek Financial Crisis
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