Tbilisi metro to be renovated for 205 million euros
Almost a hundred new cars for the Tbilisi metro will be purchased using funds from the Asian Bank. The total purchase amount is 205 million euros.
World Bank
Armenia to receive budget loan from World Bank
The World Bank will provide Armenia with a loan worth more than 90 million euros through the International Bank for Reconstruction and Development. The funds will be used to cover the budget deficit.
Ilham Aliyev meets World Bank and OSCE leadership in Munich
President of Azerbaijan Ilham Aliyev held meetings with Senior Managing Director of the World Bank Axel van Trotsenburg and Secretary General of the OSCE, Deputy President of the Foundation Council, Munich Security Conference Helga Maria …
World bank: oil price could hit $150
The World Bank reported that oil prices could be pushed into “uncharted waters” if the conflict between Israel and Hamas widens, which could result in increased food prices worldwide. The World Bank’s …
World Bank appoints new regional director for South Caucasus
Issues of the South Caucasus in the World Bank will be supervised by Rolanda Pryce
Azerbaijan discusses cooperation with World Bank
Chairman of the Central Bank of Azerbaijan talked with the World Bank's new manager. One of the main topics of the meeting was the cooperation for the next 5 years.
Azerbaijan and World Bank discuss cooperation prospects
Azerbaijan and the World Bank have discussed measures implemented in the direction of economic diversification, Minister of Economy of Azerbaijan …
World bank to provide Türkiye with $1 bln loan
The World Bank has approved a $1 bln loan to Türkiye
Russia returns to top ten world's largest economies
According to World Bank data, despite the sanctions, Russia returned to the top ten largest economies in the world, taking eighth place in the ranking.
Underwater digital bridge to connect Tbilisi and Bucharest
In 2023, Georgia will prepare documents necessary for laying a 1,200-kilometer digital cable to Romania. The World Bank is financing the project. Today, Georgia’s Cabinet of Ministers informed about the plans to …
World Bank slashes global growth forecast for 2023
The World Bank on Tuesday trimmed its global growth forecast for 2023 from 3% to 1.7%. The decrease is due to monetary policy tightening to tame elevated inflation, reduced investment, and disruptions caused by the Ukraine war, the bank …
UN urges 'massive investments' for Pakistan flood recovery
The UN chief called Monday for "massive investments" to help Pakistan recover from last year's devastating floods, saying it was "doubly victimised" by climate change and a "morally bankrupt global financial …
World Bank paves way for Azerbaijan's green development
“Building on 30-years of partnership with the government of Azerbaijan, the World Bank supports the country’s green aspirations"
World Bank pledges loan for Jordan’s water security project
The World Bank has promised to provide Jordan an investment loan of $400 million to fund its National Water Carrier Project, the Aqaba-Amman Water Desalination and Transmission initiative, according to the Jordan News Agency on …
Black market exchange rates for fuel to be used in Lebanon
Lebanon central bank stops fuel subsidies, prices set to rise
Georgia and World Bank Group discuss projects
Georgian officials met World Bank Group representatives on Thursday to discuss current and future projects, as the sides are marking 30 years of partnership this year, the Georgian Ministry of Finance said. The meeting involved Finance …
U.S. allocates $4.5 bln grant to Ukraine through World Bank
The World Bank Group announced an additional $4.5 billion in funding for Ukraine under the PEACE project, which aims to help the government of Ukraine meet urgent needs caused by the ongoing crisis.
Middle East's changing landscape
The Middle East is one of the most vulnerable regions when it comes to climate change
World Bank: 'Growing offshore wind in emerging markets won’t come cheap'
Sizeable investments are needed to fortify supply chains, reduce costs and expand capacity in new markets for wind at sea
World Bank slashes global growth forecast
The World Bank on Tuesday slashed its global growth forecast by nearly a third to 2.9% for 2022. In a news conference, World Bank President David Malpass said global growth could fall to 2.1% in 2022 and 1.5% in 2023, driving per capita …
