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5 Mar 24
Adopting reforms to reduce Iraq’s reliance on oil revenue and improving financial management will be key to prevent debt rising, the International Monetary Fund has said.
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15 Feb 24
The reconstruction and recovery of Ukraine is expected to cost close to $500bn, experts have warned – much higher than an initial estimate made last year.
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10 Jan 24
Depressed global growth could leave many developing countries with “paralysing” debt levels that restrict progress on international priorities such as climate change, the World Bank has said.
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15 Dec 23
A track record of sound economic management and measures to help reduce poverty in Somalia have prompted the International Monetary Fund and World Bank to approve $4.5bn of debt relief.
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5 Dec 23
Investment programme to ‘prevent millions’ of climate-related deaths.
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29 Nov 23
Political leaders must commit to reform to aid economic recovery, says official
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10 Oct 23
The central bank of Morocco has purchased two $100m sustainable development bonds from the World Bank as the region hosts the lender’s joint annual meeting with the International Monetary Fund.
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9 Aug 23
A law restricting the rights of the LGBTQ+ community in Uganda undermines inclusion and has led to the World Bank suspending new loans.
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24 May 23
Nations raised $95bn through carbon taxes and emissions trading systems last year, an increase of more than 10% on the $84bn raised in 2021, the World Bank said.
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4 May 23
Former Mastercard chief executive Ajay Banga has been named as the next president of the World Bank, becoming the first Indian-American to lead the institution.
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10 Feb 23
The World Bank has launched the first tranche of its fund aimed at building resilience in developing nations in preparation for future pandemics.