The World Bank has issued a stark warning, indicating that global growth could fall even lower than anticipated. Also read: World Bank partnership: A step forward for Kaduna’s development – AYCF This grim outlook is primarily driven by escalating trade barriers, with the report emphasising that the average effective tariff imposed by the United States is at its highest level in …

The International Monetary Fund (IMF) has reiterated its commitment to tackling food crisis and payment challenges facing the global economy. Its Managing Director, Ms. Kristalina Georgieva, stated this after the IMF’s Executive Board approved a new Food Shock Window under its emergency financing instruments, the Rapid Credit Facility and Rapid Financing Instrument. “The new financing window will provide additional access …