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Bangladesh cuts school and work hours to save power

Bangladesh will close schools for one more day each week and reduce office hours to ease an electricity shortage, a government official says. Last month,...

World Bank supported Ghana with $903m – Pierre Frank Laporte

Pierre Frank Laporte, World Bank Country Director for Ghana, has stated that his outfit has approved a total of $903 million for Ghana to...

Ukraine war: World Bank boss warns over global recession

The head of the World Bank has warned that Russia's invasion of Ukraine could cause a global recession as the price of food, energy...

World Bank processes $60.6m additional COVID-19 funding for Ghana – Report

An amount of $60.6 million is being processed to be given to Ghana as an additional COVID-19 fund from the World Bank, myjoyonline.com has reported.According...

World Bank prepares $3bn in aid for Ukraine

The World Bank Group and International Monetary Fund are preparing financing support for Ukraine. In a joint statement, leaders of the two agencies said they...

World Bank approves US$250 million for Ghana to set up development bank

The Executive Board of the World Bank has approved an aid package of 250 million U.S. dollars to help Ghana set up a development...

African trade deal could lift millions out of poverty – World Bank

A pandemic-delayed African free trade deal, if fully implemented, could boost incomes across the continent, pull millions out of poverty and cushion against the...

Global economic recovery expected to gain momentum next year World Bank

The World Bank has said the COVID-19 global recession is expected to be reflected in the sharpest contractions in six decades in many indicators...

Coronavirus: Implement policies to alleviate solvency strains World Bank

The World Bank has said as far as the impact of the Covid-19 on the global economy is concerned, the immediate need is to...

World Bank chief says coronavirus pandemic widening inequality gap

World Bank President David Malpass said on Wednesday that the coronavirus pandemic was exacerbating inequality throughout the world by hitting hardest those without a...

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