World Bank’s $5.79 billion financing will boost ongoing business expansion efforts – Tinubu
The president hailed the World Bank’s push in an X post on Friday, noting that Nigeria has introduced economic reforms to build a stronger foundation for investment and give more Nigerians the opportunity to earn better livelihoods. The post World Bank’s $5.79 billion financing will boost ongoing business expansion efforts – Tinubu appeared first on Premium Times Nigeria .
Pakistan has been selected to chair the Boards of Governors of the International Monetary Fund (IMF) and World Bank Group in 2027. Announced during annual meetings in Bangkok on October 16, Economic Affairs Minister Ahad Khan Cheema will serve as the incoming chair. According to Dawn, this marks Pakistan's return to the position after 74 years, having last held it in 1953.
The chairmanship involves primarily diplomatic and procedural responsibilities and does not grant Pakistan extra authority regarding lending decisions by either institution, Dawn reports. Daily Times also confirmed the appointment and the upcoming chairmanship for 2027.
Separately, President Tinubu noted in an X post on Friday that $5.79 billion in financing from the World Bank will support business expansion efforts. Premium Times reports that the president stated Nigeria has implemented economic reforms to create a stronger investment foundation and improve livelihood opportunities for citizens.
Brief written by urgent.news from Premium Times, Daily Times, Dawn — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- What does assuming the chairmanship of the IMF, World Bank governing boards mean for Pakistan? dawn.com
- 1.2 billion young people to jostle for 400 million jobs globally – World Bank president dailypost.ng
- Qatar joins meeting of Arab governors and World Bank Chief thepeninsulaqatar.com
- Pakistan to chair IMF and World Bank boards in 2027: What it means dailytimes.com.pk
