World Bank

Politics & Policy

After 50 years, the World Bank and IMF return to Africa, and with them a dated approach

The two institutions' one-size-fits-all approach to Africa is one of several flaws limiting their effectiveness in addressing current global challenges
An outdoor discussion, with two female panellists seated in the chair, and other female holding a microphone and standing, as well as an audience
OpinionPolitics & Policy

Brics alliance strengthens as six nations join inclusive global club

The Brics alliance is counting on its expansion to strengthen global governance reform and offer an alternative to Western-dominated institutions
OpinionPolitics & Policy

World Bank’s loan freeze tests its supposed non-political stance

The World Bank's recent decision to halt new loans to Uganda over its anti-homosexuality law highlights the blurred lines between economics and politics, raising questions about its approach to navigating complex social issues
The World Bank Headquarters, Washington DC.
EconomyPolitics & Policy

The World Bank and IMF are using flawed logic in their quest to do away with the informal sector

Recent reports by the World Bank and the IMF claim, wrongly, that informal economies undermine efforts to boost tax income and economic growth
EconomyPolitics & Policy

World Bank agrees $300m coronavirus loan to Uganda

The World Bank Group said on Tuesday that its board had approved $300m in budget support for the Uganda government to boost its fight against the coronavirus and to support the economy
Politics & Policy

World Bank approves Shs182bn loan for Uganda’s desert locust response

The World Bank said on Thursday its board approved a low-interest loan to support Uganda’s desert locus response and strengthen its emergency response systems
The World Bank Headquarters, Washington DC.
Politics & Policy

Africa’s big asks at this year’s IMF and World Bank spring meetings

The scale of the economic onslaught wrought by the coronavirus pandemic will dominate discussions at the International Monetary Fund (IMF)/World Bank spring meetings scheduled to take place – for the first time ever virtually – on 17 to 19 April
World Bank Group headquarters in Washington, D.C.
Politics & Policy

IMF, World Bank set aside $60bn for coronavirus response in developing countries

The International Monetary Fund and the World Bank are allocating more than $60 billion in emergency funds for developing countries to combat the coronavirus outbreak
EconomyPolitics & Policy

Uganda’s economy growing but not braced for shocks, says World Bank

Uganda gross domestic product grew faster than initially predicted in the 2018-2019 fiscal year, but the growth is still not fast enough for the government's lower middle-income status and poverty reduction ambitions
The World Bank Headquarters, Washington DC.
Politics & Policy

German says it is withholding refugee aid to Uganda, questions anti-graft commitment

Germany will withhold $106 million (Shs400bn) in aid to Uganda pledged for refugee settlement over concerns that Kampala is not committed to punishing officials implicated in defrauding millions of dollars of refugee aid
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