Custodians of Truth
The growing debt service-to-revenue ratio in Nigeria, according to the World Bank, is a cause for concern. By the end of 2022, the debt service to revenue ratio may be at 102.3%, according to the bank. The Washington-based bank made […]
The World Bank pledged a total of $7.93 billion during the fiscal year 2022, which ran from July 2021 to June 2022. The $4.54 billion reported in the 2021 fiscal year, which ran from July 2020 to June 2021, was […]
Nigeria and other developing nations have been cautioned by the World Bank Group that raising interest rates simultaneously in response to rising inflationary pressure could result in a worldwide recession and a series of financial crises. The Washington-based bank warned […]
According to the World Bank, it has distributed $31.7 billion in climate finance for its fiscal year 2022. This, it claimed, represents a 19% rise over the $26.6 billion it reported during its most recent fiscal year. It states that […]