Tag Archives: World Bank

Beijing, China | XINHUA | China’s recent acceleration in business reforms has helped the country become the top reformer among large economies, according to a report issued by the World Bank. Figures presented in the Doing Business 2020 report, the latest in a series of annual reports by the World …

Nairobi, Kenya | XINHUA | The African Continental Free Trade Area (AfCFTA) could boost the continent’s income by 450 billion U.S. dollars if fully implemented, says a World Bank report released on Monday evening. According to the report, the pan African trade pact would significantly boost continental trade, particularly intraregional …

Kampala, Uganda | THE INDEPENDENT | The World Bank has approved a fund of $150 million (approximately 554 billion shillings) to enable greater access to higher-quality secondary education among Ugandan children in safer and better-equipped learning environments. The project dubbed Uganda Secondary Education Expansion Project- USEEP is financed by an International …

Kampala, Uganda | XINHUA | World Bank Group President David Malpass on Saturday urged the Group of 20 (G20) countries to extend the time frame of the Debt Service Suspension Initiative through the end of 2021, calling it one of the key factors in strengthening global recovery. “I urge you …

  Kampala, Uganda | RONALD MUSOKE | The World Bank has approved US$15.2 million (Approx. Shs 57bn) to support Uganda’s efforts to prevent, detect, and respond to the COVID-19 pandemic as well as strengthen national systems for public health emergency preparedness under a new operation—the Uganda COVID-19 Response and Emergency …

Kampala, Uganda | THE INDEPENDENT | The World Bank has called for the scrapping of over-the-top tax-OTT. It argues that the move could boost access to coronavirus prevention messages for the vulnerable populations. This is the first organization, a big lender to government, openly calling for the abolition of the …

Kampala, Uganda | XINHUA | The World Bank said in a report Wednesday that digital technologies are critical in reviving Uganda’s economy, which has been hit hard by the COVID-19 pandemic. The international finance institution said in the latest edition of the Uganda Economic Update that the country’s economy this …

Kampala, Uganda | THE INDEPENDENT | Uganda’s dream to be an oil-producing country may not be realized until 2025, the World Bank has said. In its Economic Update report, the bank says “the sharp decline in world oil prices resulting from the COVID-19 crisis could delay oil sector investments in …

The World Bank is one of several multilateral lenders on the frontline of Africa’s emergency economic response to Covid-19. World Bank vice president Makhtar Diop shares his insights on how the Bank will help overcome an unprecedented crisis that has plunged Africa into a period of great uncertainty. What’s been your perspective of …

Kampala, Uganda | XINHUA | The World Bank has categorized Tanzania as a lower-middle income country after the country made economic reforms, including making consistent plans and taking hard decisions aimed at improving its economic development, a senior official said on Thursday. “Discipline in financial expenditure and the prevailing peace …