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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.
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14 Sep 22
The US has set out how it will use billions of dollars of Afghanistan’s central bank reserves itself, keeping them from local officials but insisting they will be used to benefit the Afghan people.
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26 Aug 22
China’s leadership has urged its local governments to ramp up spending on projects to help boost the economy.
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25 Aug 22
Finland’s municipalities will begin work on “child-oriented budgeting”, which officials hope will promote policies that improve childrens’ lives in the country whose population is ageing faster than...
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23 Aug 22
Seventeen African countries will have interest-free loans forgiven by China, according to the Chinese foreign minister who also announced plans to use International Monetary Fund reserves and...
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4 Aug 22
Transatlantic slavery has left such long-lasting damage on Africa and Africans that the continent deserves an apology and financial reparations from the European powers responsible, according to...
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29 Jul 22
Sri Lanka needs to implement “deep structural reforms” before it can receive any new financial support from the World Bank, which has released a statement in response to the continuing economic...
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25 Jul 22
The dual impact of Covid-19 and last year’s military coup in Myanmar has reversed a decade of poverty reduction and pushed more people into destitution, World Bank economists have said.
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15 Jul 22
As the war in Ukraine continues, local authorities throughout Europe face unique challenges as more than 12 million refugees seek sanctuary.
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6 Jul 22
The World Bank will loan Indonesia $350m to support reforms aimed at improving the health and education of its citizens and thereby boost productivity.
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5 Jul 22
Ukraine has said it will need $750bn of investment to rebuild its economy in the wake of Russia’s invasion, suggesting that more than half of it could be funded with seized Russian assets.