worldbank News
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By AFP
Washington -
As many as 115 million people could be pushed into extreme poverty this year due to the economic downturn caused by the coronavirus pandemic, the World Bank warned Wednesday.
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By AFP
Washington -
The coronavirus pandemic threatens to erase progress made in the last decade in improving child education and health, particularly in the poorest countries, the World Bank said on Wednesday.
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By AFP
Washington -
The World Bank on Friday said it was canceling a loan to fund a dam in Lebanon that environmentalists claimed could destroy a valley rich in biodiversity.
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By AFP
Washington -
Global economic growth could rebound next year -- but the number of people living in extreme poverty is expected to remain unchanged after a huge surge this year due to the coronavirus pandemic, the World Bank warned Tuesday.
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By AFP
Washington -
International financial institutions and African leaders warned on Friday the continent needs tens of billions of dollars in additional money to fight the coronavirus pandemic despite debt freezes and massive pledges of support.
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By AFP
Washington -
The World Bank and IMF said on Friday Africa needs $44 billion more to fight the coronavirus pandemic despite a freeze in debt payments for many countries and massive pledges of support.
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By AFP
Washington -
The severe economic crisis ignited by the coronavirus pandemic requires the rapid deployment of every available financial lifeline to help countries survive, IMF chief Kristalina Georgieva said Thursday.
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By AFP
Washington -
The International Monetary Fund and World Bank on Wednesday called for governments to put a hold on debt payments from the world's poorest nations so they can battle the coronavirus pandemic.
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By AFP
Washington -
IMF chief Kristalina Georgieva on Wednesday called for an all-out, "no regrets" response to the new coronavirus epidemic which poses a "serious threat" to the global economy."At a time of uncertainty...
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By AFP
Washington -
The new coronavirus epidemic poses a "serious threat" and will slow growth in the world economy to below the 2.9 percent posted last year, IMF chief Kristalina Georgieva said Wednesday.
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By AFP
Washington -
The World Bank launched a new effort Thursday to combat extreme poverty by expanding work in countries beset by violence.
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By AFP
Washington -
World Bank aid payments to the neediest countries appear to trigger money flows to offshore bank accounts, suggesting funds are siphoned off from the nations they are meant to help, according to a study published Tuesday.
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By AFP
Washington -
World Bank chief economist Pinelopi Koujianou Goldberg on Wednesday announced she will be leaving the institution, according to a letter sent to colleagues and obtained by AFP.
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By AFP
Washington -
A wave of debt in emerging and developing nations has grown faster and larger than in any period of the last five decades and could end with another crisis, the World Bank warned Thursday.
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By AFP
Washington -
The World Bank announced Monday it was cutting back a vocational education project in China's Xinjiang province, even though an internal investigation did not back up claims the scheme was linked to the mistreatment of minority Muslim Uighurs.
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By AFP
Washington -
As global trade tensions persist, investments are put on hold and without that cash to boost economic growth, poverty could surge, the World Bank's chief economist warned Tuesday.
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By AFP
Paris -
Nations rich and poor must invest now to protect against the effects of climate change or pay an even heavier price later, a global commission warned Tuesday.Spending $1.
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By AFP
Washington -
A top executive at the World Bank, Kristalina Georgieva of Bulgaria, is now officially unopposed in her bid to become only the second woman ever to lead the International Monetary Fund, the fund announced Monday.
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By AFP
Washington -
A top executive at the World Bank, Kristalina Georgieva of Bulgaria, now faces no opposition in her candidacy to lead the International Monetary Fund, the fund announced Monday.
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By AFP
Washington -
The World Bank said Thursday it is again reviewing a loan to China to provide vocational education to the Muslim Uighur minority, but has "no indication" the funds were used for anything other than schooling.
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By AFP
Washington -
The World Bank announced Wednesday it was deploying another $300 million in crisis aid for DR Congo to help contain the year-old Ebola outbreak.
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By AFP
Washington -
The World Bank announced Wednesday it was deploying another $300 million in crisis aid for DR Congo to help contain the Ebola outbreak.
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By AFP
Washington -
At the critical moment of a Hollywood movie starring A-lister Sandra Bullock, Bolivia's newly-elected president calls in the International Monetary Fund to bail out the poverty-stricken country, violating a campaign promise.
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By AFP
Washington -
Global heat maps of extreme poverty show Africa in deep red. And the problem will only accelerate as population on the continent grows in coming decades.
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By AFP
Washington -
China's global Belt and Road Initiative could boost economies and reduce poverty rates in dozens of developing countries, but risks environmental damage, debt and corruption if improvements aren't made, the World Bank said Wednesday.
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By AFP
Washington -
Abolishing the myriad of obstacles for African women to become entrepreneurs must be a priority on a continent where poverty continues to grow, World Bank CEO Kristalina Georgieva said Tuesday.
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By AFP
Washington -
Colombia will receive a $31.5 million grant to help deal with the flood of refugees from neighboring Venezuela, the World Bank announced Friday.Colombia has received about a third of 3.
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By AFP
Washington -
US Treasury Secretary Steven Mnuchin said Thursday that a group of countries are discussing plans to provide financial support to Venezuela, amid the country's economic collapse.
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By AFP
Washington -
Increased lending by China to developing nations is increasingly under the spotlight amid concerns that growing debt burdens and onerous conditions could sow the seeds of a crisis.
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By AFP
Washington -
World governments are working on recognizing a Venezuelan government, a key step before international aid can flow into the crisis-stricken country, IMF chief Christine Lagarde said Thursday.
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