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30 Aug 16
The World Bank and the Global Fund will invest $24bn in Africa over the next three to five years in order to accelerate universal health coverage across the continent.
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24 Aug 16
The World Bank has refused a staff request to overhaul its leadership selection process as current president Jim Yong Kim sets his eyes on a second five-year term.
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19 Aug 16
The World Bank unveiled its new procurement framework in Sri Lanka yesterday, which it said will help countries make the most of their public spending, strengthen national policies and improve...
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16 Aug 16
Public funding for skills development initiatives should be tied to the programme’s labour market outcomes, the director of strategy and operations at the human development practice in the World Bank...
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15 Aug 16
The World Bank is the first entity to receive approval to issue bonds backed by the International Monetary Fund’s special drawing rights reserve asset in China.
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11 Aug 16
A “crisis of leadership” at the World Bank has been highlighted in an open letter to its executive directors from an influential association of staff members.
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10 Aug 16
Over $80bn in climate finance was mobilised for projects funded by the world’s six largest development banks in 2015, a joint report from the banks has said.
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10 Aug 16
The World Bank has renewed its lending criteria, ditching or diluting some standards and adding new ones in. Does this bring the bank into the 21st century or mean it has walked away from its role as...
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8 Aug 16
Eastern Africa should look to fund development using domestic savings and remittances rather than debt, foreign direct investment or aid, the United Nations has said.
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27 Jul 16
The environmental and social impacts of a $14bn hydropower dam will be assessed before construction begins later this year, the African Development Bank has guaranteed.
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26 Jul 16
The World Bank has suspended its payments to the first phase of what will be the world's largest dam amid concerns over compliance with environmental and social standards.
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26 Jul 16
Enthusiastic commitment from governments is an “indispensible prerequisite” to building tax capacity in developing countries, four of the world’s most prominent international institutions have said.
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25 Jul 16
Public procurement in Bangladesh is to be upgraded and expanded with an additional $10m in World Bank cash.
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4 Jul 16
Four Japanese cities have been selected to share best practice with those in developing countries as part of a World Bank capacity-building programme.
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1 Jul 16
The World Bank has launched a new procurement framework today that aims to help countries make the most of their spending and enhance development through effective procurement practice.
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28 Jun 16
A World Bank examination of the quality of government institutions across sub-Saharan Africa has found that progress in areas like public financial management has stalled.
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27 Jun 16
The World Bank has approved $150m in extra funding to bolster Bangladesh’s health systems and improve services, it was announced last week.
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24 Jun 16
Directors of the new Asian Infrastructure Investment Bank have today approved financing for the organisation’s first four projects, worth half a billion US dollars in total.
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23 Jun 16
Commencing commercial oil production in Uganda could drive the country’s socio-economic transformation if the proceeds are well managed, the World Bank has said.
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22 Jun 16
The World Bank has approved $1.02bn worth of financing for Pakistan to support economic reforms and resilience in the country.
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21 Jun 16
A weaker global outlook is hampering Indonesia’s ability to build on recent economic progress, the World Bank has said.
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15 Jun 16
Fighting corruption requires renewed global coordination and more effective mechanisms that make use of novel technology, information and opportunities for openness, the World Bank’s managing...
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9 Jun 16
Antoinette Sayeh, director of the International Monetary Fund’s African Department, is to retire later this year.
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8 Jun 16
The World Bank has cut its global growth forecasts for 2016 to 2.4%, from the already modest 2.9% it predicted in January.
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7 Jun 16
The World Bank is to help Moldova overhaul its tax administration to bring in a centralised and unified system that will improve revenue collection, compliance and services.