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Problem:
If you're experiencing issues with Translation Management not loading after updating to WPML version 4.7.0, it might be due to a bug related to having many languages active, which affects the database and causes the module to fail.
Solution:
1. Ensure you have a backup or access to a staging site.
2. Disable all other plugins except for WPML plugins.
3. Switch to the WordPress default theme.
4. Check if the issue persists.
5. If the problem continues, revert to the previous version of WPML (4.6.15) manually by downloading it from here.
6. If none of these steps resolve the issue, please provide admin and FTP access to a staging site for further debugging.

Please note that this solution might be outdated or not applicable to your specific case. We highly recommend checking related known issues at https://wpml.org/known-issues/, verifying the version of the permanent fix, and confirming that you have installed the latest versions of themes and plugins. If the problem persists, do not hesitate to open a new support ticket at WPML support forum.