World Bank Stories
World Bank pegs the shortfall to the occurrence of political violence on the continent, which increased about eightfold between 2000 and 2023, and wit...
The inspection team urged local communities to form leadership committees to oversee the proper utilisation of the facilities, which are expected to b...
However, despite the anticipated fall, the lender notes that prices will remain higher than pre-Covid levels, reflecting ongoing supply chain challeng...
Ethiopia opted to restructure its external debt under the G20's Common Framework in 2021, before it defaulted on its sole Eurobond in December 2023.
The plans would be the first known instance of Saudi Arabia providing financing for Syria since Islamist-led rebels toppled former leader Bashar al-As...
The World Bank's support covered crucial aspects such as blood collection, testing for infectious diseases, processing blood components and digitalisi...
As some Kenyans, mostly the youth, criticise Ruto for making yet another promise, which they doubt he will keep, others have printed t-shirts with ill...
Ideally, when agricultural, cereal and export price indices increase, it often signals a rise in the cost of essential food commodities like grains an...
The continent has the highest number of people without access to electricity globally and is racing to connect homes to power by 2030 under a plan dub...
Additionally, the lender highlights that the region has also made slow progress in expanding the ranks of its middle class, additionally stating that...
China received more in debt payments than multilateral lenders, including the World Bank and the African Development Bank.
The global lender attributes the smaller import share of the essential commodities to high duties and taxes that consequently increase their cost.
Today, about 700 million people or 8.5 per cent of the global population, live in extreme poverty on less than $2.15 (Sh280) a day.
The authors suggest that based on the DSA, Ethiopia is facing a short-term liquidity crunch, and not a long-term solvency issue, a point of contention...
With international cooperation and a commitment to reforms, Somalia is poised to rebuild its economy and improve the lives of its citizens.
Kenya’s debt service costs on external debt more than doubled in 2023, rising from Sh403 billion to Sh839 billion. This sharp increase was attributed...
The World Bank warned that such practices could erode public trust and stoke protests.
The report emphasised the urgency of accelerating structural reforms, particularly in light of Kenya’s fiscal constraints.
Kenya has managed to stabilise its foreign exchange rate, boost hard currency reserves held by the Central Bank and lower inflation this year.
Principal repayments exceeded Sh500 billion in the past year alone, highlighting Kenya's growing debt burden.
The total exceeds the previous $93 billion International Development Association replenishment announced in December 2021.
The study report reveals that in Kenya, 72 per cent of adolescent girls aged 15-19 are currently in school, not employed, childless, and unmarried.
A spokesperson in the World Bank's Kenya office confirmed the talks for new funding, which fell under its "Development Policy Operations" (DPO) with t...
The World Bank attributes the ongoing vulnerability to the lack of comprehensive social insurance programmes designed to safeguard a broader segment o...
In Kenya, the lender says the country has been successful in translating economic growth into poverty reduction, but this progress is unevenly distrib...
The easing commodity prices, according to a majority of the respondents, has made it somewhat more manageable to navigate the increasingly high cost o...
Kenya's successful Eurobond issuance in February, which enabled it buy back a significant portion of the 2024 Eurobond, is the driving force behind th...
IMF members can vote to create new issuances of special drawing rights.
