Defying predictions, Remittance flows remain strong during Covid-19 crisis
Despite COVID-19, remittance flows remained resilient in 2020, registering a smaller decline than previously projected. Officially recorded remittance flows to ...
Tag: World Bank
Makhtar Diop Appointed IFC Managing Director and Executive Vice President
On 18th of February, World Bank Group President David Malpass announced the appointment of Makhtar Diop as Managing Director and Executive ...
World Bank Group supports Ghana to boost its COVID-19 response
The World Bank Board of Executive Directors today approved an additional credit of $130 million from the International Development Association ...
World Bank supports the establishment of the Development Bank Ghana
The World Bank Board of Executive Directors today approved US$250 million from the International Development Association (IDA) to support the establishment of ...
World Bank Supports Jobs, Skills Development and Digital Transformation in Ghana
The World Bank’s Board of Executive Directors approved $315 million from the International Development Association (IDA)* to support job creation, ...
Remittances to Sub-Saharan Africa to decline by 23.1%, World Bank report predicts.
Due to the COVID-19 crisis, remittance flows to Sub-Saharan Africa is expected to decline by 23.1 percent in 2020. This ...
World Bank predicts sharpest decline of remittances in recent history
The World Bank Group (WBG) is predicting that global remittances will decline sharply by about 20 percent in 2020 due ...
World Bank Group and IMF mobilize partners in the fight against COVID-19 in Africa
The World Bank Group and IMF have convened African leaders, bilateral partners, and multilateral institutions to spur faster action on ...
World Bank to invest $160 billion in Covid-19 related projects in 100 countries
The World Bank Group (WBG) has initiated plans to establish Covid-19 related projects, worth $160 billion, in about 100 poorest ...
Five wealthy countries pledge $11.7 billion for IMF to aid poor countries
The International Monetary Fund said on Thursday that Five wealthy countries pledged to provide $11.7 billion to an IMF loan ...