World Bank

U.N. Complains World Has Too Many Nigerians

The United Nations Population Fund (UNFPA) released a report with great fanfare on Tuesday that estimated the world’s population has passed 8 billion, with most of the growth occurring in low-income regions such as sub-Saharan Africa.

Women queue to cast their vote during the Osun State gubernatorial election in Ede, in the Osun State in southwest Nigeria, on September 22, 2018. - The Osun election is seen as a litmus test for President Mohammadu Buhari who is seeking a second term in February, 2019 election. (Photo …

Yellen: No Need to Replace IMF Director over China Data-Rigging Scandal

Treasury Secretary Janet Yellen conceded on Monday that “legitimate issues and concerns” have been raised by a report that found World Bank data was rigged to make China looked better, but added she saw no reason to replace International Monetary Fund (IMF) Managing Director Kristalina Georgieva for her alleged role in the scandal.

Kristalina Georgieva

Analysts Say Zambia Concealed Half of its $6.6 Billion Debt to China

Analysts from the China Africa Research Initiative (CARI), a Johns Hopkins University project to study China’s political and economic influence among African nations, said on Tuesday the African nation of Zambia owes $6.6 billion to China – more than double the amount claimed by former President Edgar Lungu. 

Zambia's President Edgar Lungu (L) shakes hands with China's President Xi Jinping before their bilateral meeting at the Great Hall of the People on September 1, 2018. - Lungu is in China for the Forum on China-Africa Cooperation which will be held in Beijing on September 3 and 4. (Photo …

U.N. Chief Guterres Renews Call for More Global Governance, Bureaucratic Regulation

U.N. Secretary-General Antonio Guterres renewed his call for “more robust global governance” Wednesday, adding the World Bank and the International Monetary Fund (IMF), regional authorities such as the African Union and the European Union (E.U.) to a list of organizations he says can bring “order” to a future world disrupted by the coronanvirus pandemic.

UN Secretary-General Antonio Guterres looks on during the opening of the UN Human Rights Council's main annual session on February 24, 2020 in Geneva. - The UN's secretary general launched a "call to action" on Monday against rising attacks on human rights worldwide, highlighting the persecution of minorities and "alarming …