World Bank

Wolfowitz Faces Pressure To Resign As World Bank Finds He Broke Rules

The World Bank Reveals the US Economy's Strength Will Drive Global Economy to Grow 2.6% in 2024

The World Bank forecasts 2.6% global growth, driven by US strength, although there is over "slow" growth due to conflicts and debt burdens.

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Oil Prices Expected to Rise as Israel Responds to Iran's Missile, Drone Attack

Middle East Conflict Could Push Oil Prices to the Top and Drive Global Inflation, Says World Bank

The World Bank warns that escalating conflicts in the Middle East could push oil prices over $100 a barrel, potentially increasing the recent decline in global inflation and worsening economic challenges worldwide.

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World Bank Under Fire for Funding High-Rise Pig Farming Projects in China

Environmental and animal welfare groups criticize the World Bank's funding of 'hog hotel' factory farms, urging a halt to support for large-scale industrial livestock operations due to concerns about climate change, animal welfare, and food security.

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World Bank Warns Global Economy Set for Weakest Growth Since Pandemic, Hitting Poorer Nations Hardest

World Bank Warns Global Economy Set for Weakest Growth Since Pandemic, Hitting Poorer Nations Hardest

Global economic growth is expected to decelerate for the third straight year in 2024, extending poverty in many developing countries, the World Bank warned.

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IMF, World Bank Approve Historic $4.5 Billion Debt Relief for Somalia

IMF, World Bank Approve Historic $4.5 Billion Debt Relief for Somalia

The International Monetary Fund (IMF) and World Bank have approved $4.5 billion in debt forgiveness for Somalia.

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Financial Sector: Crucial for Sustained Inclusive Growth

The financial system shouold be developing a balance way through banks and non-banks. There are four key dimensions of financial developent.

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IMF and World Bank Started Annual Spring Meeting To Discuss Global Economy

Leaders of the world's economy began their regular meeting on Thursday discussing necessary steps to boost growth and consumption. While G20 also held a meeting with similar agenda.

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Egypt Unveils Special Economic Program To Attract Foreign Investment

Last week, the Bank of Egypt has increased its benchmark rates following a devaluation of local currency by 10%. The moves are believed to be parts of measures taken by the government to address the shortage in foreign currency reserves. Now, the Egyptian government has announced on Sunday a new special program to secure foreign aid and investments.

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Latin America Economic Growth Has Left Some People Behind

Latin America experienced a phenomenal growth in the last decade. However, according to World Bank, the economic growth has not reached some people.Meanwhile the region's economy is slowing down in the last three years.

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Nigeria Economic Slowdown Hits Guinness Nigeria's Sales

Guinness Nigeria, the country's second-biggest brewer is seeing a prolonged decline in sales and shares. The failing of the beer industry is part of a bigger national economic slowdown, whereas Nigeria, Africa's largest economy, seek out for loan to cover budget deficits.

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Oil Price is Still in Turbulence, While U.S. Reported Its Highest Level of Crude Inventories

Speculation over production cut and held the oil price to around $30 a barrel, but uncertainty still lingers. Meanwhile, U.S inventories are reported to reach its highest level of crude stockpile.

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Inflation in Argentina at historic high 21%; government targets 5% by 2019

Argentina is struggling from soaring inflation, which is hovering at 21 percent. The inflation rate is expected to reach 25 percent in 2016. The government is targeting to bring it down to five percent by 2019. The soaring prices are forcing consumers to pay everything in installments.

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Brazilian middle class struggles as economy drops

The commodities-fuelled boom has transformed many millions of Brazilian poor people into 'the new middle class' and the ongoing recession is again eroding their spending and earning capacity. Middle-class people in Brazil find it difficult to sustain their living standards amid intensifying economy recession and soaring inflation rate. Many owners of small shops, coffee stalls and other small vendors see their dwindling earnings by more than half during the past three years. As a result, many middle-class people are slashing their spending levels, which result in a cascading impact on other segments.

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World Bank sees global poverty to slip below 10% for first time

The percentage of poor people in the global population is expected to fall below 10 percent in 2015 for the first time, according to the forecast made by World Bank.

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IMF review recommends delaying currency basket adoption of yuan

The International Monetary Fund should put off any move to add the yuan to its Special Drawing Rights currency basket until September 2016, an IMF staff report said, a move that would effectively end the Chinese currency's chances of an early inclusion.

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