World Bank
-
Business
World economy in ‘danger of stagflation,’ warns World Bank
Bank also slashed its 2022 global growth forecast to 2.9%, significantly lower than January’s 4.1% The global economy now faces…
Read More » -
Money
EBRD launches €500M financing facility to support green transition in Turkiye
Facility is in response to Turkiye’s ambitious new climate targets that require sharp increases in green investments, bank official says…
Read More » -
Money
World Bank signs $400 million loan deal with Tunisia
Funding to help around 310,000 vulnerable and low-income households in Tunisia The World Bank on Wednesday signed a $400 million…
Read More » -
Business
Low-income nation debt hits record $860B in 2020
Total outstanding public external debt to China in 68 countries reaches $110B as of 2020-end, finds Shanghai-based research center The…
Read More » -
Business
World Bank approves $723M support package for Ukraine
Disbursements will help Kyiv provide critical services to Ukrainian people, including wages for hospital workers, says statement The World Bank…
Read More » -
Business
World Bank grants loans of $300 for geothermal energy
The World Bank’s Board of Directors has approved two loans worth $300 million for the Geothermal Development Project in Turkey,…
Read More » -
Money
World Bank vice president welcomes Turkey’s growth during pandemic, warns against inflation
World Bank Vice President for Europe and Central Asia Anna Bjerde welcomed the positive growth of Turkey’s economy during the…
Read More » -
Business
Global wealth coming at expense of future prosperity: World Bank
Inequality growing as low-income countries’ share remains below 1%, report says Global wealth has grown overall at the expense of…
Read More » -
Money
Rising energy prices pose inflation risks: World Bank
Elevated food prices, combined with recent spike in energy costs, pushing food price inflation up, report says Rising energy prices…
Read More » -
Business
World Bank raises Turkey’s GDP growth forecast for 2021 to 8.5%
Figure up from previous expectations of 5% increase The World Bank on Wednesday revised upward its projection for Turkey’s gross…
Read More »