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Nigeria, others listed on World Bank's high debt risk exposure countries | The Guardian Nigeria News - Nigeria and World News — Nigeria — The Guardian Nigeria News – Nigeria and World News

The World Bank has listed Nigeria among the top 10 countries with high debt risk exposure. Nigeria is ranked fifth on the list with $11.7bn IDA debt stock, while India led the list with $22bn IDA debt stock, followed by Bangladesh with $18.1bn IDA debt stock, Pakistan with $16.4bn IDA debt stock, and Vietnam with […]

Ecosystem Collapse: Global GDP risks $2.7trn decline annually

Increase debt suspension arrangements to offer low-income and middle-income countries fiscal space – heads of state

Climate change: World Bank plans $5bn investment in Africa

Punch Newspapers Sections Nike Popoola The World Bank plans to invest over $5bn over the next five years to help restore degraded landscapes, improve agriculture productivity, and promote livelihoods across 11 African countries on a swathe of land stretching from Senegal to Djibouti. World Bank Group President, David Malpass, announced the investment at the One Planet Summit, a high-level meeting co-hosted with France and the United Nations that is focused on addressing climate change and biodiversity loss. It disclosed this on Monday in a statement titled ‘World Bank plans to invest over $5bn in drylands in Africa’. “This investment, which comes at a crucial time, will help improve livelihoods as countries recover from COVID-19 while also dealing with the impact of both biodiversity loss and climate change on their people and economies,” said Malpass.

Digital Economy: Why Africa must facilitate MSMEs to leapfrog devt

By Juliet Umeh G lobal pandemic, Covid-19, no doubt, has negatively impacted the world economy and Africa is not exempted. Studies and economy experts have predicted that Africa needs digital infrastructure for its  Micro, Small, and Medium Enterprises, MSMEs, to leapfrog development, create jobs and accelerate economic recovery post-Covid-19. Making this assertion recently, Chairwoman, Jumia Nigeria and Head of Institutional Affairs, Jumia Group, Juliet Anammah, said Africa needs millions of jobs that will provide meaningful work and provide people with a pathway out of poverty. She noted that in March 2019, a study published by Boston Consulting Group projects that digital marketplaces operating in Africa like Jumia can create an additional three million jobs by 2025.