Search Results for: World Bank
World Bank is forecasting Industrial Commodities Prices to Surge in 2017
February 2nd, 2017
The World Bank is forecasting strong gains for industrial commodities such as energy and metals in 2017, due to tightening supply and strengthening demand. In its January 2017 Commodity Markets Outlook, the World Bank is holding steady its crude ...
World Bank shake-up yields only half Kim’s target of $400m savings
August 30th, 2016
The World Bank is set to make net savings that are half the size of a much-touted $400m target as administrative costs rise on a surge in lending, despite a contentious reorganisation pushed through by Jim Yong Kim, its ...
Countries Meet with World Bank to Discuss Carbon Pricing and Build Carbon Markets
March 9th, 2016
Just months after the Paris Agreement at COP21, the World Bank today brought together over 30 developed and developing countries at the Carbon Pricing: Sustaining the Momentum after COP21 conference in Zurich to take stock and discuss opportunities and challenges to ...
Saudi economy is resilient, says World Bank expert
February 8th, 2016
Saudi Arabia has five years’ worth of reserves at current spending levels and oil prices, Shantayanan Devarajan, chief economist of the World Bank’s Middle East and North Africa Region said in an interview with Tass. “The fact is that ...
Investors Welcome Newly Released World Bank Green Bond Impact Report
August 12th, 2015
STORY HIGHLIGHTS The first World Bank (IBRD) Green Bond Impact Report provides an overview of the environmental and social impacts expected from eligible projects that help World Bank client countries adapt to and mitigate the effects of climate change. ...
World Bank Approves $500 Million Project to Improve Access to Finance for Micro, Small and Medium Enterprises
March 2nd, 2015
The World Bank today approved a $500 million loan for the MSME Growth Innovation and Inclusive Finance Project to improve access to finance for Micro, Small and Medium Enterprises (MSMEs) working in the manufacturing and services sector, including startups ...
World Bank cuts global growth forecast
January 14th, 2015
The World Bank has cut its global growth forecast, warning the US alone cannot drive an economic recovery. In its bi-annual report, the Bank predicted global growth of 3% this year and 3.3% next year, below its June forecast ...
World Bank to cut 500 jobs in some units as part of revamp
October 31st, 2014
The World Bank said it plans to cut 500 jobs over the next three years as part of a broad restructuring meant to make it more efficient but that has rattled employees. The cuts, announced on Thursday, represent about ...
Three major nations absent as China launches World Bank rival in Asia
October 24th, 2014
Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders. China’s $50 billion Asian Infrastructure Investment Bank ...
China must accelerate reforms: World Bank chief
October 21st, 2014
China needs to accelerate reforms and not rely solely on monetary and fiscal policy to drive growth, a top World Bank official said on Tuesday. “I would recommend not really relying more on their macro policy, specifically on the ...
