the World Bank

Fresh Fears As Nigeria's World Bank Debt Hits $660m

World Bank Approves $530m In Fresh Funding For Ukraine

The World Bank has recently made the announcement of up to $530 million which would be made in supplemental funding for Ukraine to enable the embattled Nation to “meet urgent needs created by Russia’s invasion.”

The support, which would be coming in the form of a new loan from the International Bank for Reconstruction and Development, has also been guaranteed by Britain to the tune of $500 million, with Denmark also backing the remaining $30 million, the World Bank said in a statement on Friday.

Read Also: US Congress Again Approves $12bn For War-Torn Ukraine

“The toll of destruction, damage, …

China, UK, EU, US, Qatar pledge €252m aid to Lebanon

China, UK, EU, US, Qatar Pledge €252m Aid To Lebanon

Britain, Qatar, the United States, the European Union, China, the World Bank have pledged immediate humanitarian relief worth over 252 million euros (297.08 million U.S. dollars) to Lebanon.

Beirut, the Lebanese capital was rocked last week by two huge explosions that have claimed at least 158 lives and injured 6,000 others.

The aid pledge followed a UN-backed virtual conference hosted by French President Emmanuel Macron.

The donors thereafter issued a joint statement, pledging solidarity with and support for the Lebanese people.

“The participants agreed that their assistance should be timely, sufficient and consistent with the needs of the Lebanese people, …