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11 Jun 24
The global economy is expected to stabilise in 2024 for the first time in three years, but growth will be low by recent standards, according to the latest forecast by the World Bank.
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7 May 24
Affordable actions to change the global agrifood sector could see a dramatic drop in the world’s greenhouse gas emissions, a World Bank study has suggested.
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23 Apr 24
Vietnam could cement economic growth for the long term through infrastructure projects, the World Bank has said, as the country’s productivity begins a rebound from its sluggish 2023.
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19 Mar 24
Public spending on education in Laos has halved in the past decade, leading to the World Bank calling for an urgent uplift to avoid permanent damage to the country’s development and its young people’...
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5 Mar 24
Closing the gender gap in the workplace could encourage more women into work and provide a 20% boost to global GDP, the World Bank has said.
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26 Jan 24
Rebuilding damaged infrastructure across eastern Libya following devastating floods could cost around $1.8bn, a joint report from the World Bank, United Nations and European Union has found.
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16 Jan 24
A preliminary deal to restructure Ghana's bilateral debt could unlock almost $1.2bn of concessional finance to invest in “critical” public infrastructure, the nation’s Ministry of Finance has said.
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15 Dec 23
Surging interest rates pushed the cost of servicing many of the poorest countries’ debts last year to a record $443.5bn, World Bank figures have shown.
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28 Nov 23
Business as usual not an option, says World Bank.
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13 Oct 23
“Understandable” frustration from the Global South because of an unfair economic system is risking progress towards a better world, the head of the World Bank has 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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1 Sep 23
Afghanistan’s weak collection of non-tax income has seen revenues dip below forecasts this year, economists at the World Bank have said.
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8 Aug 23
The Ecuadorian government is set to receive a $500m development loan from the World Bank to support climate mitigation and green economic development.
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18 Jul 23
Governments guaranteeing loans and a fund for countries in crisis are among plans for the World Bank to boost its lending power, as the bank’s new leadership faces up to its responsibilities amid...
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30 Jun 23
Ukraine is set to receive a $1.5bn concessional loan from the World Bank to fund reforms and support its continued response to the Russian invasion.
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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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6 Jun 23
The World Bank’s new president has been selected as member countries demand big reforms.
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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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17 May 23
Campaigners have called on the World Bank to delay payment of an $800m loan.
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5 Apr 23
Political instability could put reforms key to Pakistan’s recovery from Covid-19 and recent floods at risk, economists at the World Bank have warned.
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28 Mar 23
The 2020s are looking like a “lost decade” with the maximum level of growth achievable without causing inflation falling to a 30-year low, the World Bank has suggested.
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28 Mar 23
The Chinese government has lent out hundreds of billions of dollars in debt relief after nations it lent infrastructure loans to were unable to meet their repayments, a landmark report has said.
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24 Mar 23
The reconstruction and recovery of Ukraine is expected to cost more $400bn and take almost a decade to complete, researchers have said.
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24 Mar 23
Senior figures in Germany and the United States have urged the World Bank to adopt a “strong set of initial evolution reforms” aimed at driving climate finance.
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28 Feb 23
Earthquakes that devastated Turkey caused at least $34bn of damage to infrastructure, and billions more might be needed for the country to fully recover, the World Bank has said.