World Bank

World Bank trims China, East Asia 2014-2016 growth forecasts

The World Bank cut its 2014-2016 growth forecasts for developing East Asia, noting that China was likely to slow due to policies aimed at putting the economy on a more sustainable footing, and it also cautioned of capital-flight risks to Indonesia.

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Austerity versus growth version 3.0 at G20/IMF

World policymakers gather in Washington later this week to ponder how to sustain economic recovery at a time when the United States is about to turn off its money taps.

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Yemen will destabilise economy if it delays reforms - IMF

Yemen will destabilise its economy if it delays reforms such as cuts to energy subsidies, the International Monetary Fund said in a report released after the government rolled back some fuel price rises in the face of political unrest.

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Ebola could drain billions of dollars from African economies: World Bank

The largest-ever outbreak of Ebola could drain billions of dollars from economies in West Africa by the end of next year if the epidemic is not contained, the World Bank said in an analysis on Wednesday.

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Indian companies strike 393 private equity deals totaling $9.67B in January to November

A report by Grant Thornton, an American accounting and advisory firm, said that Indian corporations closed as many as 393 private equity deals totaling $9.67 billion in the past 11 months of the year.

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2014 poised to be the year of Bitcoin, property, and other asset bubbles - report

Some industry observers believed excess liquidity spurred by central banks' economic monetary policies could result to asset bubbles in niche markets by year 2014.

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Masdar Clean Energy announces investment in Jordan's first major wind farm

Masdar Clean Energy announced its participation in the USD290-million Jordan Wind Project Company (JWPC), the company's first renewable energy investment outside the United Arab Emirates.

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Thailand to launch 2 trln infrastructure project in 2014

Thailand is ready to launch a BHT2 trillion infrastructure investment project in 2014, which could potentially boost the country's economy after a slowdown this year.

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Ugandan energy distributor Umeme secures USD190 million fund

Ugandan energy company Umeme Ltd. obtained USD190 million in funding from the International Finance Corporation, Standard Chartered Bank and Stanbic bank. The long-term loan would be used for the company's capital investment program.

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WB President says US 'days away' from a 'very dangerous moment'

If the US fails to pass legislation to increase the debt limit, then the global economic system would be tremendously affected.

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World Bank to cut reorganization budget

On Monday, World Bank’s Chief Financial Officer said that the bank had planned to cut USD400 million from its budget as a part of a sweeping reorganization.

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Ex-World Bank President Zoellick rejoins Goldman Sachs

Former World Bank President Robert Zoellick would rejoin investment bank Goldmans Sachs Group as chairman for its international advisory board, said a Reuters report.

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Poverty elimination, increasing incomes are part of World Bank goals

The elimination of poverty and improving incomes of the world's poorest were two of the goals of World Bank, its draft strategy paper showed.

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World Bank Group member IFC invests US $50 mln in Mexico-based trust

IFC infuses US $50 million in Credit Suisse Mexico Credit Opportunities Trust, bringing the trust’s total capital to US $550 million.

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IFC defies bearishness in Brazil, invests US$2 billion

The IFC had invested US$2 billion in Brazil amid sluggish economic growth and large demonstrations in the country.

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