US cancels $1.1bn of Somalia’s debt in ‘historic’ financial agreement
Commitment by Mogadishu’s largest single lender is latest in series of deals to forgive ‘unsustainable’ $4.5bn debt Somalia has announced that more than $1.1bn (£860m)...
Category : World Bank
World Bank and IMF can press Ghana to rethink ‘punitive’ LGBTQ law, charities say
Charities and campaign groups are calling on bodies to say they may stop funding country if legislation comes into effect The World Bank and the...
World Bank suspends Tanzania tourism funding after claims of killings and evictions
Plan to expand Ruaha national park has been beset by allegations of abuse, leading bank to withhold final $50m of $150m budget The World Bank...
Covid pandemic made poorest countries even worse off, World Bank warns
Poverty reduction drive all but halted across many nations as Bank calls for more money to tackle a ‘great reversal’ Larry Elliott: At last G20...
China needs to do more on ‘silent crisis’ of debt, says World Bank official
Beijing must be more ready to support countries facing distress, says deputy chief economist China holds the key to speeding up debt relief and ending...
World Bank accused of ‘turning blind eye’ to sexual abuse in Kenyan schools it funded
Calls grow for independent inquiry after the bank’s internal watchdog found 21 cases of child sexual abuse by teaching staff The World Bank has been...
Climate crisis talks resume on ‘loss and damage’ funding for poorest countries
World leaders will reconvene in Abu Dhabi before UAE’s Cop28 after talks broke down two weeks ago Governments will meet this weekend for a last-ditch...
‘Corruption is not an African issue’: bank chief says it’s time to believe in the continent’s future
In an exclusive interview, Akinwumi Adesina, head of the African Development Bank and ‘optimist-in-chief’, says the outlook is good for a continent with both the...
IMF clings to a hopeful agenda as crisis follows crisis
At the fund’s annual meeting this week in Morocco, ambitions for climate and debt relief may be overwhelmed by events – again Last week’s turmoil...
Investigation launched into killings and evictions on World Bank tourism project
Tanzania government blamed for violence against villagers in national park, while thousands more people face losing their homes The World Bank is investigating allegations of...
