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THIS week, the World Bank launched its October 2024 Pacific Economic Update that provides an assessment of the economies of 11 Pacific island countries (PICs). The report also highlights the potential of investment to broaden the economic horizons of the region. Titled ‘Diminishing Growth amid Global Uncertainty: Ramping up Investment in the Pacific’, the report stated growth across the Pacific had fallen significantly to 3.6 percent this year, …

World Bank

Suva

FijiTimes

Slow growth | Potential to broaden economic horizon in Pacific

The All-World Bank reviewed its estimates on the growth of the economy of Ukraine. Thus, the House of Representatives kept its forecast for economic growth in 2024 at the level of 3.2%, but significantly lowered the forecast for 2025. This is stated in the meeting of the Universal Bank. “In Ukraine, significant losses from the Russian invasion and large-scale interruptions in electricity supply, of course, will increase by 5.3% in the past year …

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Kyiv

Ukraine Economy

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The World Bank has recently changed the forecast for GDP of Ukraine for 2025 in the direction of weight loss

The newly elected President and Vice President of the ECOWAS Court of Justice, Honorable Justice Ricardo Claúdio Monteiro GONÇALVES (Cabo Verde) and Honorable Justice Sengu Mohamed KOROMA  (Sierra Leone) paid a courtesy visit to the ECOWAS President H.E. Omar Alieu TOURAY, at the Commission’s Headquaters in Abuja, Nigeria, today, 17th October, 2024. Both Justice GONÇALVES and Justice KOROMA were elected on Monday 14 October 2024.  In his inaugur…

ECOWAS

Abuja

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President of ECOWAS Commission, H.E. Omar Alieu TOURAY receives the  new leadership of the ECOWAS Court of Justice |  Economic Community of West African States (ECOWAS)

Financial markets in the Philippines and the broader Asia-Pacific region stand to benefit from downward interest rates in the United States, although risks from a "benign" US economy may temper gains, according to a World Bank economist."So far, the decline in interest rates in advanced economies seems to be helping the region," Ergys Islamaj, senior economist at the World Bank's East Asia and Pacific chief economist office, said in a webinar ho…

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Lower US interest rates to benefit Philippines, Asia-Pacific—World Bank economist

The World Bank has said that the recent increase in Nigeria’s minimum wage will only benefit a limited segment of the population, impacting just 4.1% of working-age Nigerians.  The post New minimum wage hike affects only 4.1% of working-age Nigerians – World Bank  appeared first on Nairametrics.

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Nigeria

Nigeria Economy

Nairametrics

New minimum wage hike affects only 4.1% of working-age Nigerians – World Bank

With growth proving too slow to outpace inflation, the World Bank has painted a grim picture of poverty, revealing that at least 129 million people are living below the national poverty line in Africa’s biggest economy. Since May 2023, Nigeria has implemented significant reforms to stabilise its economy, resulting in modest growth, improved fiscal health, and rising foreign exchange reserves. While these measures were necessary to urgently avert…

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Poverty

StatePress NG

Business247News

StatePress NG: 129milliion Nigerians now trapped in poverty, says World Bank

Nigeria’s currency reforms under Bola Tinubu’s government have made the naira one of the most competitive in 20 years, according to World Bank chief economist Indermit Gill. The decision to float the naira and remove fuel subsidies helped prevent fiscal collapse. While the naira’s devaluation has exacerbated poverty and raised concerns about civil unrest but […]

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Nigerian Currency 'Most Competitive in 20 Years,' Says World Bank – Africa Bitcoin News

Bauchi State Governor Bala Mohammed yesterday confronted the World Bank over its claims that reversing the federal government’s current economic reforms would spell doom for the country. The governor insisted that the reforms are not working and called for a review. The confrontation occurred at the launch of the Nigerian Development Update (NDU) in Abuja, where World Bank Country Director Dr. Ndiame Diop advised Nigerians not to oppose the curr…

Bauchi, Nigeria

Bauchi

TheNigerialawyer

"People Are Suffering": Bauchi Governor Confronts World Bank, Demands Review Of Economic Policies - TheNigeriaLawyer

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The world's total public debt is set to exceed $100 trillion this year for the first time, and may grow more quickly than forecast as political sentiment favors higher spending and slow growth amplifies borrowing needs and costs, the International Monetary Fund said on Tuesday.

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IMF says global public debt to top $100 trillion, growth may accelerate

The naira has been listed among the worst-performing currencies in Sub-Saharan Africa in 2024.

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Naira among worst performing currencies – World Bank

WASHINGTON, United States — The World Bank will unveil plans to tackle job creation, gender disparities, and food security at next week’s gathering of the world’s finance ministers and central bankers in Washington, its president said in an interview. Ajay Banga spoke to Agence France-Presse at the development lender’s headquarters in Washington ahead of the

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