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International Development
Japan Fair Trade Commission warns NPB over Fuji TV media pass denial
The Japan Fair Trade Commission warned the Nippon Professional Baseball Organization, or NPB, on Wednesday over its confiscation of media passes from Fuji Television Network.
The antitrust watchdog…
World Bank Analyses 2 out of 3 Indonesians in Poverty Line
The World Bank sets the poverty line for lower-middle-income countries at US$4.20 per person per day, based on the 2021 purchasing power parity (PPP) standard.This benchmark is used to assess individual poverty levels across countries.In…
Morocco to maintain economic lead in North Africa through 2026
Morocco is on track to consolidate its economic rebound, with GDP growth projected to reach 3.1% in 2025 and 3.7% in 2026, according to the World Bank’s Global Economic Prospects, June 2025 report.
The country’s recovery is…
World Bank Upgrades Nigeria’s Growth Outlook to 3.6%, Signals Optimism Amid Global Slowdown
The World Bank has revised its outlook for Nigeria’s economy upward, projecting a 3.6 per cent expansion in 2025, a 10-basis-point increase from its January forecast. This marks a divergence from the International…
World Bank trims Malaysia GDP forecast to 3.9pc amid global slowdown
KUALA LUMPUR, June 11 — Malaysia’s gross domestic product (GDP) growth forecast for 2025 has been revised to 3.9 per cent, a 0.6 percentage-point downgrade from January 2025’s projection, according to…
World Bank warns of weakest global growth in 17 years as trade tensions escalate
THE global economy is set for its weakest performance in nearly two decades outside of outright recessions, the World Bank said on Tuesday, slashing its growth forecasts as rising trade barriers and policy uncertainty stifle investment…
African Economies Confront Budget Pressures As World Bank Projects Worse Downturn
As global growth is projected to slow to its weakest pace since 2008, African economies are grappling with mounting budget pressures as they face a challenging external environment marked by trade tensions, inflationary pressures,…
World Bank Approves $1.5 Billion Loan for South Africa Amid Mixed Reactions
World Bank Approves $1.5 Billion Loan for South Africa Amid Mixed Reactions. Image for illustration purposes only, generated with AI.
The World Bank has approved a $1.5 billion loan to support structural reforms in…
World Bank bullish on Nigerian economy, marks up growth forecast to 3.6%
•Global economy may see its weakest expansion since 2008
The World Bank has diverged from the earlier position of its sister institution, the International Monetary Fund (IMF), on Nigeria’s economy, marking up its growth…
Compliance lapses threaten Nigeria’s $10m World Bank credit
From Adanna Nnamani, Abuja
The federal government risks forfeiting $10 million from a World Bank credit due to a series of delays and compliance issues within the Fiscal Governance and Institutions Project…