World Bank Approves Fresh $700m Loan For Nigeria

The World Bank has approved a new $700 million loan for Nigeria to improve the education and empowerment of adolescent girls, according to a statement published on its website on Friday. The new loan will provide additional funding for the Adolescent Girls Initiative for Learning and Empowerment, which is an ongoing initiative.The statement read, “The World Bank has approved an additional $700 million for Nigeria to expand the Adolescent Girls Initiative for Learning and Empowerment programme, whose objective is to increase secondary education opportunities for girls in targeted states.”The additional funding will expand project activities from the current seven states […]



World Bank Approves $500m Loan To Empower Nigerian Women

A $500 million loan has been granted by the World Bank Group to aid Nigeria in advancing women’s empowerment. It is an increase in funding for the Nigeria for Women Program, which was initially approved on June 27, 2018, with funding totaling $100 million. The World Bank granted $500 million for the scaling up of the Nigeria for Women Program (NFWP-SU), according to a statement. The scale-up finance would help the Nigerian government invest more in raising the standard of living for women in Nigeria. “The NFWP-SU will help to ensure better economic opportunities for women, which is critical for[…]



World Bank Approves Loan To Support Sustainable Rice Production In China

The World Bank’s Board of Executive Directors has approved a loan of US$255 million to support a program that will reduce methane emissions, improve irrigation and drainage services, and provide agricultural support for climate-resilient rice production in Hunan province, China’s largest rice production area. For China and other nations that grow rice, it will produce knowledge and experiences that are reproducible and scalable. According to Mara Warwick, Country Director for China, Mongolia, and Korea at the World Bank, “The Methane-Reducing and Water-Saving Paddy Rice Program will provide creative solutions to promote climate mitigation in China’s agriculture sector.” The initiative offers[…]