Several African countries have resorted to borrowing in order to satisfy their financial obligations as they work toward ...

Presently positioned as the fourth-largest economy globally, on par with Japan, the IMF forecasts India to be the fastest-growing major economy over the next two years.

Taimur Samad, World Bank’s Acting Country Director for Nigeria, has stated that the Nigerian economy is improving due to the ...

President Donald Trump on Friday asked Congress to approve $3.2 billion in contributions to the World Bank's International Development Association (IDA), which provides low- or zero-interest loans to ...

It said the acceleration in gross domestic product (GDP) growth was driven mainly by a continued oil and gas sector recovery ...

However, Samad acknowledged that challenges remain, particularly the persistence of high inflation. He underscored the ...

The International Monetary Fund and World Bank spring meetings this ... The rates are even higher for poor countries, where debt servicing costs eat up 20% of GDP now, compared to 10% a decade ...

Looking at past performance, the World Bank reports Bulgaria’s GDP grew by 7.8 percent in 2021, 4.0 percent in 2022, and 1.9 percent in 2023. However, challenges persist. The country’s ...