Tag: IDA
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Nigeria ranks 4th on World Bank’s IDA borrowers’ list
Nigeria has been ranked fourth on the World Bank’s top 10 International Development Association (IDA) borrowers’ list, after moving up from fifth position in the 2022 fiscal year. The west African nation has accumulated about $1.3bn debt within a one-year period despite been ranked fourth on the log. This was disclosed in the World Bank…
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“Nigeria’s food, energy crisis worsened by Naira depreciation”- W’Bank
The World Bank has warned that the shrinking value of the Nigerian naira and the currencies of most developing economies are driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face. According to the World Bank’s latest Commodity Markets Outlook report, in US…