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6 Oct 23
Declining growth in the Middle-East and North Africa will hit livelihoods and hurt long-term development, World Bank economists have said.
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3 Oct 23
Most countries in South Asia will not become ‘high-income’ economies within a generation because the region is not growing fast enough, according to the World Bank.
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29 Sep 23
Financial support from Switzerland and the US will help supreme audit institutions improve public financial management and accountability in developing countries.
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22 Sep 23
Poor countries cannot fund it and pay debts, report warns
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21 Sep 23
Major economies urged to help developing nations
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15 Sep 23
One in six children worldwide lives in extreme poverty and at the current rate the commitment to reduce that to zero by the end of this decade will be missed.
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8 Sep 23
Providing emerging markets with $15bn of grants and concessional loans would help “unlock” offshore wind accelerating progress on net zero, the World Bank has said.
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25 Aug 23
Governments shielding households and businesses from the spike in energy prices caused by Russia’s invasion of Ukraine meant environmentally harmful fossil fuels were subsidised at their highest ever...
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20 Jun 23
Finance ministries have an important part to play in dealing with the climate crisis, a group of ministers have said as they publish a guide for embedding green considerations into financial decision...
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13 Jun 23
The European Union has agreed a package of more than €1bn with Tunisia containing significant support for the latter’s border controls, as well as finance linking to other areas of reform.
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9 Jun 23
The wide scope of European Union development spending in other countries could limit the programme’s impact, the bloc’s spending watchdog has warned.
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6 Jun 23
The world economy is “precarious” in the context of high interest rates, slow trade and huge debt pressures, the World Bank has said as it released its latest Global Economic Prospects report.
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30 May 23
Nigeria's elections didn't follow the script. Do they represent the end of business as usual?
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26 May 23
Fears over the affordability and security of fossil fuels are set to increase renewable energy investments this year, experts at the International Energy Agency have said.
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23 May 23
The international finance system “reflects power relations of 1945” and needs to be updated, said António Guterres.
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18 May 23
Social reforms and governance change need to continue in the Middle East, says the World Bank.
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28 Apr 23
A World Bank programme aimed at boosting Bangladesh’s hope of reaching ‘upper-middle-income’ status by 2031 had been approved and backed with $1.25bn of financing.
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14 Apr 23
South Africa wants to mobilise 2trn rand (£88bn) of investment in the next five years, hoping to spur development in the country whose economy has been beleaguered by corruption, crime and government...
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20 Mar 23
Insufficient and poorly targeted climate finance means the world is falling behind on action against global warming, a landmark report has stated.
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16 Mar 23
The Nigerian government has launched a $670m fund to help young tech entrepreneurs who face difficulty accessing finance – a longstanding barrier to the country’s digital sector.
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14 Nov 22
Stated priorities such as gender equality and economic development are not fully incorporated into the European Union’s budget, potentially slowing the bloc’s progress, the European spending watchdog...
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8 Nov 22
Developing countries will need $340bn a year by 2030 in order to prepare for the damaging effects of climate change, according to the United Nations, but they currently receive a tiny fraction of...
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11 Oct 22
The plight of Ukrainian refugees has been raised by UK campaigners and local government leaders.
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6 Oct 22
The US Securities and Exchange Commission has raised concern over the ability of women and under-represented entrepreneurs to start small businesses.
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3 Oct 22
Developing country central banks making losses amid rising interest rates and falling asset values risk harming their governments’ public finances, ratings agency Fitch has warned.