Barbados has completed what it calls the world's first 'debt-for-climate resilience' swap which will see it invest $165 ...

Under a swap, a country buys back more expensive debt and replaces it with cheaper debt, usually with the help of a ...

Debt swaps are becoming a more widely used tool to help indebted countries raise money for conservation or climate-related ...

Nigeria's foreign debt service reached $3.5 billion in 2023, ranking as the third-largest debtor to the World Bank's IDA.

Four out of ten people in the world live in a country that spends more money servicing the interest on its sovereign debts ...

Nigeria’s indebtedness to the International Development Association (IDA), a member of the World Bank Group (WBG) grew by ...

More than 200 Filipinos mobilized in front of Pasay's PICC as the first meeting of the Board of the Fund for Responding to ...

The World Bank Annual Report 2024 outlines transformative strategies to combat global challenges like poverty, climate change ...

Governments around the world have the same problem. They spend too much money. The European Central Bank warns the eurozone ...

NAIROBI (Reuters) - Kenya has secured a $200 million loan from the African Development Bank and is in talks with the World ...