World Bank

World Bank doubles investment 2 combat climate change.

The World Bank Group has announced plans to double its investments in the fight against climate change to around 200 billion dollars for more than five years. “Climate change is an existential threat to the world’s poorest and most vulnerable. These new targets demonstrate how seriously we are taking this issue,” World Bank Group President, […]

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World Bank re-engages Tanzania on educational project

A senior official has told Reporters that the World Bank will work with the Tanzania to redesign a $300 million education project. Earlier, the bank had canceled plans for the project due to Tanzania’s controversial policies on pregnant school girls. On Wednesday, the World Bank told Reuters that the education program was not presented to […]

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Poverty levels still high – World Bank Report

Despite decline in extreme poverty, billions of people in the world still struggle to meet basic needs, the latest World Bank report shows.  According to the report, economic advances around the world mean that while fewer people live in extreme poverty some 3.4 billion people still struggle to meet basic needs, living on less than […]

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Swiss to return $321 million in stolen funds to Nigeria

Switzerland will return to Nigeria around $321 million in assets seized from the family of former military ruler Sani Abacha via a deal signed with the World Bank on Monday, the Swiss government said. Transparency International, a corruption watchdog, has accused Abacha of stealing up to $5 billion of public money during the five years […]

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