The International Finance Corporation, the World Bank's private investment arm, is expanding its local-currency lending and ...

Africa must challenge the misleading narrative on preferred creditor status of its multilateral development banks.

The World Bank was created at the end of World War II to rebuild Europe – and then took on the mission of lifting poor people ...

The World Bank lifted its long-standing ban on financing nuclear energy projects in developing countries in a move aimed at addressing growing electricity demands, as reported by Reuters. This is a ...

Like Indonesia's Whoosh project, many developing countries now face heavy debt after financing large infrastructure through ...

Global inflation pressures remain uneven, but a handful of countries continue to battle extraordinarily high price growth driven by currency ...

WASHINGTON, Oct 9 (Reuters) - Nineteen of the World Bank's 25 executive directors issued a joint statement this week affirming their support for the bank's continued work on climate change, defying ...

The International Monetary Fund (IMF) has struck off Nigeria from its debtors' list. The fund has also released the list of ...

As of October 2025, Egypt leads African nations in IMF debt, followed closely by Côte d'Ivoire and Kenya, underscoring ...

Naira has recorded its strongest performance in 10 months, rising to ₦1,444.42 against the United States Dollar ($) at the ...

The US, China, and Japan top the list of countries with the most debt, and are projected to hold around 60% of global ...

The COP30 presidency said that 57 heads of state will arrive for the high level section of the summit, and urged them to ...