The World Bank is preparing to release up to $100 billion over the next fifteen months to help countries affected by the war in the Middle East. This amount could exceed the $70 billion it provided during the COVID-19 pandemic. Ajay Banga, the bank’s president, shared these plans during discussions
Experts gathering in Washington this week have more on their minds than the current Middle East conflict—even though the fighting there could slow down the world’s economy. A much bigger worry is the fact that, over the next fifteen years, developing countries will need to create 1. 2 billion jobs j
Nigeria is scrambling to adjust its economic recovery plan after fuel prices spiked over 50% since the Iran conflict began. The sudden price jump, from around 880 naira to 1, 330 naira per liter, has made life harder for normal Nigerians and small businesses struggling to keep up. Even though the co
The world’s top money managers are meeting in Washington, but their agenda is clouded by the war that began in late February. This conflict has become the third major shock to the global economy, following COVID‑19 and Russia’s invasion of Ukraine. The IMF and World Bank have already cut their forec
The World Bank is rumored to have a financial toolbox ready for countries hit hard by the Iran war. Inside that toolbox? Anywhere from 20 to 25 billion dollars, according to a fresh report. That money wouldn’t just sit idle—it would move fast, like an emergency loan sent overnight to keep economies
Ghana just took a huge step to clean up its energy money mess. In 2025, the country paid off $1. 47 billion in old energy debts. This big payment fixed a big problem with the World Bank and also paid back money owed to power companies. Ghana has been having a tough time with energy for a while. The
A significant shift is happening in India's green energy sector. Hygenco Green Energies Pvt is in talks to sell nearly half of its company. The deal could bring in $125 million. This money will help them reach a big goal. They want to produce 10 gigawatts of green hydrogen by 2030. The buyers are a
The International Finance Corporation (IFC), a key player in global development finance, is shifting its focus to boost local-currency lending and direct investments in African companies. This move aims to help projects grow big enough to catch the eye of major global investors. Makhtar Diop, the IF
The world economy is in for a rough patch. The World Bank has warned that growth is set to slow down significantly. This is mainly due to the ongoing trade disputes sparked by the U. S. government. The situation is so tense that it might lead to the slowest economic growth since the 1960s. The W
Next week, finance leaders from around the world will gather in Washington for the annual meetings of the International Monetary Fund (IMF) and the World Bank. One big question on their minds: Who will win the upcoming U.S. presidential election and how will that affect global economic policies? Bot
