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 World Bank

The World Bank is one of the world's largest sources of development assistance. Its primary focus is on helping the poorest people and the poorest countries. This site provides an overview of how the Bank uses its financial resources, its staff, and its extensive knowledge to help developing countries onto paths of stable, sustainable, and equitable growth.

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updated Wed. January 17, 2018

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Colombian GDP will grow by 2.9% in 2018, according to a new projection from the World Bank. While this is an improvement from the 1.8% estimated economic growth of 2017, it is a decrease from the 3.1% rate for 2018 that the global financial organization had projected for Colombia last June in a prior ...
With the railways strapped for cash, sources say officials have suggested tapping the World Bank for funding. The international lending agency has already provided funds for MUTP under which railway equipment is being upgraded. However, the authorities' attempts to obtain funding for purchase of new ...

The World Bank's researchers also revised upwards their estimates for Botswana's 2017-2018 growth from four percent to 4.5%. The latest revisions are, however, still below the finance ministry's own forecasts as contained in the September Budget strategy Paper. The ministry expects 2017-2018 growth at ...
Policy uncertainty issues will remain a major challenge for SA's economic growth in 2018, with the World Bank forecasting expansion of just 1.1%. This is one of the lowest growth rates in sub-Saharan Africa. Gerard Kambou, senior economist at the World Bank's Development economics Prospects Group, ...
The World Bank projects Oman's economic growth to pick up to 2.3 per cent in 2018, better than the average two per cent growth forecast for GCC countries as a group this year. The World Bank estimates showed that Oman's economy has recorded a 0.7 per cent growth in 2017. According to Oman's 2018 ...
The World Bank's Rwanda Economic Update, released this week, says that in the medium-term the economy will benefit from reduced external imbalances and the expected recovery of prices for traditional exports such as minerals, tea, and coffee. Non-traditional exports, supported by the existing ...

A review mission of the World Bank has not authorised preparations for the loan to continue, according to the Programme Information Document of the Development Policy Credit. The document underlined that Pakistan's macroeconomic framework continues to face some risks as the overall external ...
CAIRO -- Egypt is awaiting Ethiopian and Sudanese reaction to its proposal that the World Bank mediate negotiations on the controversial Grand Ethiopian Renaissance dam (GERD). Egypt wants the World Bank to serve as a neutral party in the country's lengthy but fruitless negotiations with Ethiopia and ...
The World Bank's report that the global economy is now operating at close to full capacity would seem to be a mixed blessing. On the one hand, there is certainly reason to celebrate that we are now at last enjoying a synchronized global economic recovery and that the world economy is operating at near its ...
The World Bank has green-lighted another $170 million in funds for the Philippine Rural Development Project (PRDP) being implemented by the Department of agriculture. In a statement Friday, the Washington-based multilateral lender said its board of executive directors approved the additional financing ...
A new World Bank report funded by Bloomberg Philanthropies, The High Toll of Traffic Injuries: Unacceptable and Preventable, looks to fill the gap. It proposes a comprehensive methodology to quantify both the income growth and social welfare benefits that safer roads could bring to developing countries.
The World Bank's assessment of the global economy starts off well. We're in the midst of a "broad-based cyclical upturn," which is expected to last several years. Annual global GDP growth is forecast to rise to 3.1% this year and stay at this level or just below until 2020. And it notes that, for the first time since ...
financial markets are complacent about the risks of sharply higher interest rates that could be triggered by better than expected growth in the global economy this year, the World Bank has warned. The Washington-based organisation said that much of the rich west was running at full capacity as a result of ...
International finance corporation, a part of World Bank group, will offload about 1.8 per cent stake in the proposed initial public offering (IPO) of Bandhan Bank. The bank has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for its proposed IPO of around ...
The World Bank has urged its Project Management Unit with the Transmission Company (TCN), to always find out what effect its projects have on communities where its power projects are being implemented. The Coordinator of Environmental, Resettlement and Social Unit (ERSU), of the World Bank ...
Dilip worked as a regional economist for Asia at Credit Agricole Indosuez, Singapore; as a faculty member of economics at the Indian Institute of Management, Ahmedabad, and as an economist at the Policy Group, New Delhi before moving on to the World Bank in the early 1990s. Even though it has been ...
Nigeria is one of the top four leading voices in Public Private Partnerships, PPP, in the 2017 ranking of the World Bank Group, WBG. Yelena Osipova-Stocker ... On September 22, Vice President Yemi Osinbajo launched the portal, sponsored by the World Bank and the ICRC. The portal encourages ...

How to sum up 2017? The global economy improved but there were plenty of unsettling and upsetting events and trends. Catastrophic storms and flooding wrecked homes and livelihoods from South Asia to the Caribbean. education quality in many countries fell short even as much of the world raced into ...
At the One Planet Summit in Paris last week, the World Bank Group announced that, from 2019, it will no longer finance upstream oil and gas. This reflects the Bank's decision to realign its development assistance with climate commitments. But how does this square with the priorities of those countries that ...
Paris, 12 December, 2017 - At the One Planet Summit convened by President Emmanuel Macron of France, United Nations secretary general Antonio Guterres, and World Bank Group President Jim Yong Kim, the World Bank Group made a number of new announcements in line with its ongoing support to ...
The World Bank on Thursday committed USD 40 million (about Rs 260 crore) for the development of tourism facilities in Uttar Pradesh. An agreement for IBRD credit of USD 40 million from the World Bank for the UP Pro-Poor Tourism Development Project was signed today, a finance ministry statement said.
New Delhi: The World Bank will provide a $318 million loan for modernisation of irrigation projects in Tamil Nadu and help small and marginal ... A tripartite agreement has been signed today between the central government, the World Bank and the Tamil Nadu government, an official statement said.
Statements from the World Bank and rating agencies were made over the weekend regarding Turkey's economic performance. I believe it would not be wrong to read these statements as "Economic warnings for 2018 from international economic circles." If we were to summarize, they recalled recovery in ...
Worried by absence of finance for affordable housing provision for the citizens, state government agencies under the auspices of the Association of Housing corporation of Nigeria (AHCN) are eyeing the $300 billion World Bank funds for the Nigeria Housing Finance Programme (NHFP). Already, the ...
A World Bank report on Monday stated that each year, $20bn was being sent to Nigeria in form of remittances and that the final week before Christmas was one of the busiest times to send money. According to the report, the average cost of sending money is around 7.21 per cent with Sub-Saharan Africa ...
New Delhi [India], Dec 26 (ANI): The government of India, along with the government of Tamil Nadu signed a USD 318 million loan agreement with the World Bank on Tuesday, for the Tamil Nadu Irrigated agriculture Modernization Project to promote climate resilient agriculture technologies, improve water management ...
The World Bank has approved a US$200 million International Development Association, IDA, credit to support Ghana in strengthening its institutions, ... A statement issued by the World Bank said as Ghana's economy improves and creates more and better jobs, there is also the need to protect and promote ...
Egypt said Tuesday the World Bank should be brought in to resolve tensions with Ethiopia over a massive dam on the Nile River that Egypt says threatens its water security. Foreign Minister Sameh Shoukry spoke in Addis Ababa after a 10-month impasse over technical negotiations for the dam, which will ...
By implementing more structural reforms Turkey can send a clear signal to lure more foreign funding in the form of direct investment (FDI), Johannes Zutt, Turkey country director for the World Bank, told state-run Anadolu Agency on Dec. 24. "The current macroeconomic environment and projected external ...
At the One Planet Summit in Paris last week, the World Bank Group announced that, from 2019, it will no longer finance upstream oil and gas. This reflects the Bank's decision to realign its development assistance with climate commitments. But how does this square with the priorities of those countries that ...
How to sum up 2017? The global economy improved but there were plenty of unsettling and upsetting events and trends. Catastrophic storms and flooding wrecked homes and livelihoods from South Asia to the Caribbean. education quality in many countries fell short even as much of the world raced into ...
In October, the World Bank had raised Malaysia's economic growth estimate for this year to 5.2%, after lifting it to 4.9% in June from an initial estimate of 4.3% on the back of sustained strong private consumption. The recent revision comes after Malaysia's economy grew 6.2% in the July-September period, ...
Kenya has in recent years increasingly banked on its oil finds in Turkana to support its tightening fiscal space and boost economic growth in the medium and long term. But the ongoing diminishing support for fossil fuels means the price of crude is likely to remain flat or even drop in near and mid-term as ...
World Bank President Jim Yong Kim announced this week that his institution will no longer finance upstream oil and gas projects after 2019. Kim unveiled the new policy at the One Planet climate summit in Paris, which the French government hosted to signal commitment to the Paris Climate Agreement two ...
The World Bank's plan does lay out a caveat for "exceptional circumstances", saying that they will consider "…financing upstream gas in the poorest countries where there is a clear benefit in terms of energy access for the poor and the project fits within the countries' Paris Agreement commitments.".
In what's been a big week for the fossil fuel divestment movement, the World Bank and insurance giant AXA have both announced they're divesting billions of dollars from the fossil fuel industry -- including Canada's oil sands. The U.S.-based World Bank announced Tuesday, the anniversary of the Paris ...
News release. 13 December 2017 | Tokyo - At least half of the world's population cannot obtain essential health services, according to a new report from the World Bank and WHO. And each year, large numbers of households are being pushed into poverty because they must pay for health care out of their own pockets.
Paris, 12 December, 2017 - At the One Planet Summit convened by President Emmanuel Macron of France, United Nations secretary general Antonio Guterres, and World Bank Group President Jim Yong Kim, the World Bank Group made a number of new announcements in line with its ongoing support to ...
The World Bank Group's International finance corporation (IFC) is the sole investor in the issuance, marking its first green bond investment in a financial institution in East Asia and the Pacific. The green bond investment is expected to curb 93,000 tons of carbon dioxide emissions per year by 2022 through ...
WASHINGTON: India's ultra-mega solar project will come up for discussion at the One Planet Summit in France this week, World Bank President Jim Yong ... developing countries implement the Paris Agreement, Kim said he and the World Bank has worked very closely with Prime Minister Narendra Modi.
World Bank President Jim Yong Kim, picked by former President Barack Obama to lead the international lender, will mark the two-year anniversary of the Paris climate change agreement next week by pledging to help countries meet the pact's obligations by continuing the flow of climate-related financing.
World Bank president Jim Yong Kim tops the line-up. He recently announced that the Bank would start reporting on its portfolio emissions. This was one of the first asks from the Big Shift Global coalition, which is calling on the World Bank to shift its investments from fossil fuels to clean energy, as well as ...
Sharm el Sheikh - The World Bank on Friday signed a $1.15bn loan with the Egyptian government, a final tranche of funds to support economic reforms in the country, the international lender said. The deal was sealed on the sidelines of the "Africa 2017" investment conference which President Abdel Fattah ...
The World Bank has offered $200 million in loans to promote economic integration in the Western Balkans as leaders of the region vowed to deepen ties and work together toward joining the European Union. The announcements from the World Bank and Western Balkan leaders came at a high-level ...
The World Bank is ready to extend up to $200 million for projects that will boost transport and trade links between Western Balkans countries, its Chief Executive Officer Kristalina Georgieva said on Thursday. "We are ready to fund a trade and transport project to help the countries of the region remove the ...
The Egyptian government will receive the third portion--worth $1bn--of the World Bank loan before the end of this month, an official source at the Ministry of finance said. According to the source, who asked not to be named, the World Bank's board of directors will hold a meeting this week to discuss the ...
Kigali, Dec. 4 (Xinhua) -- The World Bank and the Rwandan government on Monday signed a funding deal worth 125 million U.S. dollars toward Rwanda's energy development. The deal was inked by the Rwandan minister of finance Claver Gatete and the World Bank representative to Rwanda Yasser ...
The World Bank Country manager says these projects direct credit in a non-transparent manner and in ways that undercut market forces, citing as an example, selecting unqualified businesses or distorting markets by mandating interest rate caps. In these types of projects, she observes that funds are ...
Jakarta - A rapidly growing gap between rich and poor in many developing East Asian nations is threatening the foundation for the region's economic success, the World Bank said Monday. "The whole basis for East Asia's success was this sense that everything was fair -- you worked hard, you got ...
In a departure from those policies, the World Bank's new standards place much more responsibility on borrowers and give them more leeway to police themselves, leading Human Rights Watch and other organizations to worry that the World Bank will not have effective oversight and some borrowers may ...


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