Middle Corridor could cut AsiaEurope delivery times
World Bank estimates indicate that in approximately 15 years, cargo delivery from Asia to Europe via the Middle Corridor will take 18-19 days.
World Bank
Middle Corridor projects cost more than 25 bln
The cost of initiatives involving Azerbaijan directly is estimated at $3.2 bln
World Bank highlights Azerbaijan's tourism potential
Azerbaijan needs to accelerate the diversification of its economy, and tourism could become one of the key sources of sustainable growth in the long term, the World Bank’s Regional Director for the South Caucasus, Rolande Pryce said at the event “Unlocking Tourism's Potential to Drive Economic Growth and Diversification.”
Armenia approves 100 million loan from France
Armenia's authorities have approved a €100 million loan from France to modernize the country's irrigation systems.
World Bank raises forecast for Azerbaijan's economic growth
A more positive outlook for Azerbaijan's economy has been published by the World Bank, which projects GDP growth of 2% in 2026.
Declining Caspian Sea level poses growing risks - Mukhtar Babayev
The declining water level of the Caspian Sea in recent years is creating increasingly serious environmental, economic, and social risks for coastal communities, ecosystems, transport links, and regional infrastructure, Presidential Representative of Azerbaijan on Climate Issues Mukhtar Babayev said at the 1st General Assembly of the Global South NGO Platform (GSNP).
World Bank to finance Caspian Sea biodiversity conservation
The World Bank has approved financing for a major regional environmental project titled 'Blueing the Caspian Sea: Building Capacities for Pollution Management and Biodiversity Conservation'.
Georgia's economy may grow by 5 in 2026 - World Bank
The World Bank forecasts Georgia's economy to grow by approximately 5% this year, with price growth expected at 5.5%.
IEA, IMF, World Bank to coordinate response to Iran war impacts
The International Energy Agency (IEA), International Monetary Fund (IMF) and World Bank said they will establish a coordination group to maximize their response to the energy and economic fallout from the war in the Middle East.
World Bank: Georgia shows sustained growth and economic resilience
World Bank representatives have identified key development conditions and economic prospects for Georgia.
Türkiye to increase renewable energy capacity to 120,000 MW
Türkiye has launched efforts with the World Bank to secure up to $6 billion in financing to expand the country's electricity transmission capacity, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said.
UN estimates Gaza rebuild to cost-70 bln
There are promising early indications from countries about their willingness to contribute to the $70 billion cost of rebuilding Gaza, a United Nations Development Programme official said on Tuesday.
Armenia to take out loan for water infrastructure
The Armenian government has decided to obtain a loan from the World Bank to fund repairs for irrigation systems and residential water supply networks.
World Bank announces poverty reduction in Georgia
The poverty level in Georgia is decreasing, the World Bank announced. However, it also notes existing problems, including in the area of employment.
World Bank predicts GDP growth decline in South Caucasus
Thus, experts predict the GDP growth, after which there will be a noticeable decline: in Georgia from 6% to 5%, in Armenia from 5% to 4.6%
World Bank to help Turkey expand electric rail transportation
The World Bank Board has approved $660 million in financing to support Türkiye’s efforts to expand electric rail transportation that will help improve the efficient movement of goods across the country, boost exports, …
COP29: World Bank to allocate $150 bln to finance climate projects
The World Bank plans to allocate $150 billion to finance climate projects over the next 10 years, the World Bank's Vice President for Sustainable Development Juergen Voegele said at COP29 in Baku. “The World Bank …
Georgia predicted to have serious economic growth
The International Monetary Fund has upgraded its economic growth forecast for Georgia to a 7.6% for 2024, surpassing the rates of European countries and the country's regional neighbours, the Georgian Economy Ministry said. In its …
Uzbekistan among 3 fastest growing economies in 2024
The World Bank now forecasts that Uzbekistan's GDP will grow 6% in 2024, 5.8% in 2025 and 5.9% in 2026, according to the bank's latest Global Economic Prospects review. The bank's previous forecast in June predicted more …
Armenia asks EU to share its business experience
Today, employees of the World Bank and a business delegation of the European Union visited Yerevan
