Tag: World Bank
17 Results
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Can Bangladesh ensure a soft landing?
By ignoring long-standing issues in the pursuit of growth, suddenly the country is back to the era of rolling power cuts, with the taka and the forex reserves under pressure.
August 11, 2022 -
World Bank denies new Sri Lanka funding as record inflation bites nation
“Until an adequate macroeconomic policy framework is in place, the World Bank does not plan to offer new financing to Sri Lanka,” the global lender said in a statement.
July 30, 2022 -
We need to talk about the World Bank
The bank promptly identified King as the source of the information, put him on administrative leave for two years, before firing him on Christmas Eve in 2010.
July 24, 2022 -
Poor get poorer
Surging world food prices, which reached their highest levels on record this year, are contributing to the rapid rise in LIC inflation.
July 11, 2022 -
BRICS leads globalisation mission
The energy and food crises have affected many countries across the world, especially developing countries, which depend heavily on food and energy imports.
June 29, 2022 -
World Bank to help tackle malnutrition in Philippines
Globally, food prices, already on the rise since the second half of 2020, have reached a record high this year, leading to food security problems worldwide.
June 23, 2022 -
Battered economies
The passing show, so to speak, of Russia’s war in Ukraine, is likely to have a crippling effect on recession in both large and small economies.
June 13, 2022 -
World Bank to disburse $700 mn to Sri Lanka: Minister
The World Bank will disburse nearly $700 million to Sri Lanka within the next few months, Sri Lanka's Foreign Minister announced.
May 31, 2022 -
World Bank, UN grant $10mn to mitigate impacts of Beirut port blasts
A new $10 million grant will help Lebanon mitigate the environmental and health impacts of the Beirut port explosions on the neighbouring population and support Beirut's reconstruction, the UN said in a statement.
May 19, 2022 -
World Bank announces up to $30bn to address food insecurity
The World Bank has announced actions it plans to take as part of a comprehensive, global response to the ongoing food security crisis, with up to $30 billion in financing in existing and new projects.
May 19, 2022 -
World Bank approves USD 47mn for India’s Mission Karmayogi program
The World Bank has approved a USD 47 million projects to support the Government of India's Mission Karmayogi, a national program to build civil service capacity, the bank said in a statement.
April 28, 2022 -
World Bank warns of rises in food, energy prices due to Russia-Ukraine conflict
Price increases for food commodities, of which Russia and Ukraine are large producers, and fertilisers, which rely on natural gas as a production input, have been the largest since 2008, the report noted.
April 27, 2022 -
India carving out opportunities from challenges amid Ukraine crisis
On the impact of war on India's energy needs, Sitharaman said the portion of crude coming from Russia is not more than 3-4 percent.
April 23, 2022 -
Sitharaman discusses COVID-19, Russia-Ukraine conflict with World Bank president
The Finance Minister also suggested that multilateralism has become more critical as the world is undergoing a phase of exceptional uncertainty.
April 23, 2022 -
World Bank expects Ukrainian, Russian economies to shrink drastically in 2022: Report
The DC-based lender's economic update for emerging markets in Europe and Central Asia said the conflict would hamper the region's industrial output, shaving 4.1 percent off its GDP.
April 11, 2022 -
World Bank to assist SL in purchasing essential medicines
Sri Lanka's health sector is currently facing a shortage of essential drugs due to import restrictions in place following a foreign exchange shortage.
March 31, 2022 -
World Bank approves USD 723 million support for Ukraine
The World Bank is calling for further grant contributions to the MDTF. In addition, Japan is linking USD 100 million in parallel financing to the support package.
March 8, 2022