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15 Jun 22
The Malaysian government must provide greater support to states that are lagging behind their more developed and industrialised peers, according to the World Bank.
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10 Jun 22
Rising interest rates aimed at combating runaway global inflation are putting some governments, including in middle-income countries, at risk of debt distress, the World Bank has warned.
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1 Jun 22
Deliberate policy inaction and “elite capture” have held up the reforms that could help Lebanon lift itself out of its financial crisis, according to the World Bank.
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16 May 22
Raising tax revenue has been named as the “top priority” for Laos, whose high debt and poor tax collection have left it struggling to deal with the economic crisis caused by Covid-19 and Russia’s...
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12 May 22
Pakistan has been urged to speed up its progress on reforms if it wants its economy to develop and recover from Covid-19.
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4 May 22
A better-than-expected post-pandemic recovery in the Western Balkans has been cut short, leaving public finances reeling, the World Bank has warned.
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27 Apr 22
The World Bank has warned that historically high prices of food and energy could last until the end of 2024, and urged governments to build up safety nets for vulnerable citizens.
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13 Apr 22
Governments have been urged to take action against the concentration of wealth and income in a small section of the global population, creating inequality and fuelling inflation.
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4 Apr 22
Bangladesh is set to receive a $250m loan to help modernise social protection programmes and fund its green recovery from Covid-19.
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1 Apr 22
Sustaining China’s unprecedented success in ending extreme poverty will need “vigorous measures” revitalising the country’s rural areas, the World Bank has said.
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23 Mar 22
The Nigerian government should repurpose money spent on fuel subsidies to fund reforms aimed at reducing poverty, according to the World Bank Group.
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11 Mar 22
Countries in the Southern African Customs Union need to get a grip on persistently high inequality in order to give people better life chances, a World Bank report has urged.
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8 Mar 22
A new World Bank fund will bolster Ukraine’s finances amid the ongoing invasion by Russia, which is continuing into nearly its third week.
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2 Mar 22
The World Bank executive board has announced it will use more than $1bn from a frozen Afghan trust fund to provide basic services and aid to the people while keeping the money out of the Taliban’s...
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17 Feb 22
Low-income and developing countries must be more transparent on the level and type of loans they owe, to help with debt restructuring, according to the World Bank Group.
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8 Feb 22
Rising Covid-19 cases in Gaza and the West Bank have led the World Bank to send an additional grant to the Palestinian Authority, warning the record new infection numbers are still underestimated.
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25 Jan 22
Lebanon’s elite have caused “long-lasting scars” on the country’s economy by causing a protracted political and economic crisis, according to a highly critical World Bank report.
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13 Jan 22
Global growth is slowing amid renewed waves of Covid-19 cases and high inflation, the World Bank’s latest Global Economic Prospects report has warned.
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28 Oct 21
Countries are depleting their resources in the search for short-term economic gains that leave their future development unsustainable, the World Bank has warned.
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12 Oct 21
Kristalina Georgieva has the “full confidence” of the International Monetary Fund’s executive board despite an investigation alleging she worked to artificially improve influential data in China’s...
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4 Oct 21
The World Bank has approved a loan of US$500m to strengthen Argentina’s efforts to contain the Covid-19 pandemic.
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28 Sep 21
A data scandal involving International Monetary Fund managing director Kristalina Georgieva threatens the credibility of the Bretton Woods system, according to US senators.
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23 Sep 21
World Bank researchers expect 52 countries to cut spending per head to below pre-pandemic levels in the next five years, despite the world economy gradually recovering from the Covid-19 crash.
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25 Aug 21
The World Bank has stopped funding aid programmes in Afghanistan in light of the Taliban taking control of the country.
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15 Jul 21
An ongoing third wave of Covid-19 cases has caused the World Bank to lower its growth projections for Thailand, which it said needs to maintain its support for the most in need.