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THE WORLD BANK GROUP

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216 results

 * The Philippine economy is expected to grow more slowly than first thought
   this year after the country was hit by a series of typhoons but should be
   more robust in 2025 and 2026, the World Bank said on Tuesday.
   
   Philippines GDP growth hit by typhoons, but outlook robust, says World Bank
   December 10, 2024
   

 * The World Bank downgraded Kenya's economic growth estimate for this year to
   4.7% on Tuesday, from an initial 5.0%, citing the impact of floods,
   anti-government protests and flailing fiscal consolidation efforts.
   
   World Bank cuts Kenya's 2024 growth estimate to 4.7% on fiscal challenges
   December 9, 2024
   

 * The World Bank on Tuesday said developing countries spent a record $1.4
   trillion to service their foreign debts in 2023 as interest costs climbed to
   a 20-year high, squeezing budgets for necessities including healthcare,
   education and the environment.
   
   Developing countries' record $1.4 trillion debt service bill squeezes budgets
   Marketscategory·December 3, 2024
   

 * Kenya has secured a $200 million loan from the African Development Bank and
   is in talks with the World Bank for a new $750 million loan, the finance
   ministry's head of debt management told Reuters.
   
   Exclusive: Kenya in talks for fresh $750 mln from World Bank, $200 mln from
   AfDB, says official
   November 20, 2024
   

 * South Korean President Yoon Suk Yeol has pledged a 45% increase in the
   country's contribution to the World Bank's International Development
   Association fund to more than $600 million, the finance ministry said on
   Tuesday.
   
   South Korea pledges 45% increase in World Bank fund contribution
   Worldcategory·November 18, 2024
   

 * The heads of the World Bank and International Monetary Fund on Tuesday said
   they would work with the incoming U.S. president, Republican Donald Trump,
   underscoring the importance of private sector funding for developing
   countries hit by climate change.
   
   IMF, World Bank leaders pledge at UN climate summit to work with Trump
   Worldcategory·November 12, 2024
   

 * The world's top multilateral banks pledged to ramp up climate finance to low-
   and middle-income countries to $120 billion a year by 2030 as part of efforts
   at global talks in Azerbaijan on Tuesday to agree an ambitious annual target.
   
   Development lenders set $120-billion climate finance goal for poorer
   countries
   Sustainabilitycategory·November 12, 2024
   

 * Multilateral lender Climate Investment Funds (CIF) has agreed to back a $1
   billion plan to upgrade Turkey's electricity grid so it can handle more
   renewable energy by providing an initial investment to the project, it said
   on Thursday.
   
   Climate Investment Funds board backs $1 bln Turkey grid upgrade plan
   October 31, 2024
   

 * The World Bank is holding talks with Turkey to increase financing to Ankara
   beyond the $35 billion it has already provided through 2028, a source with
   knowledge of the matter said.
   
   World Bank in talks to increase $35 billion Turkey exposure, source says
   Worldcategory·October 24, 2024
   

 * The World Bank announced on Thursday a new gender strategy aimed at boosting
   economic opportunities for women and enabling their participation in the
   global economy through social protection and access to broadband and capital.
   
   World Bank rolls out new strategy to boost economic opportunities for women
   Worldcategory·October 24, 2024
   

 * Spain on Thursday announced plans for a contribution of 400 million euros
   ($433 million) to the World Bank's fund for low-income countries, a 37%
   increase over the previous International Development Association
   replenishment cycle.
   
   Spain commits 400 million euros to World Bank fund for poorest countries
   Worldcategory·October 24, 2024
   

 * The World Bank will double its commitment for investments in agricultural
   financing and businesses to $9 billion a year by 2030, the lender's president
   announced on Wednesday.
   
   World Bank says will double agricultural commitments to $9 bln a year by 2030
   October 23, 2024
   

 * The World Bank is prepared to provide Argentina with more than $2 billion in
   new loans destined for social security, education, transport, energy and
   battling poverty, the multilateral lender's regional vice president said on
   Tuesday.
   
   World Bank to loan Argentina over $2 billion for social support
   Worldcategory·October 22, 2024
   

 * Nigeria is beginning to reap the benefits of significant policy reforms
   following a near fiscal crisis in 2020, but must stay the course, the World
   Bank said on Thursday.
   
   Nigeria seeing positive results from fiscal reforms, World Bank says
   October 17, 2024
   

 * Contributions are expected from the United States, Canada and Japan, sources
   said.
   
   Exclusive: World Bank board approves new Ukraine fund, with money from US,
   Japan, Canada, sources say
   Worldcategory·October 10, 2024
   

 * The World Bank raised its growth forecast for South Asia to 6.4% in 2024 from
   an earlier estimate of 6.0%, citing the strength of domestic demand in India
   and quicker recoveries in crisis-hit countries such as Sri Lanka and
   Pakistan.
   
   World Bank raises South Asia growth forecast to 6.4% on India demand
   October 9, 2024
   

 * The World Bank on Thursday launched its revamped business and investment
   climate survey of 50 economies, with Hungary, Estonia and Singapore taking
   the top spots in three categories designed to avoid the problems that
   prompted it to scrap the scandal-plagued "Doing Business" rankings in 2021.
   
   World Bank launches new business climate survey with Hungary, Estonia,
   Singapore in top spots
   October 3, 2024
   

 * The World Bank has approved a $1.57 billion financing package for Nigeria
   under a new programme to support its health and education sectors and help
   provide sustainable power, the bank said on Monday.
   
   World Bank approves $1.57 billion loan for Nigeria
   Worldcategory·September 30, 2024
   

 * The World Bank said it is rolling out measures to ensure the recipients of
   lending to Uganda are not discriminated against by a tough anti-gay law.
   
   World Bank says it aims to protect projects in Uganda from anti-LGBT law
   Worldcategory·September 26, 2024
   

 * Investments from the World Bank's private investment arm hit a record $56
   billion in its financial year to end-June, the lender's managing director
   told Reuters.
   
   World Bank's IFC investments hit record $56 bln in FY 2024, managing director
   says
   September 24, 2024
   

1 to 20 of 216
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