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
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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 …
World Bank estimates Georgia's agriculture prospects
Around 41 per cent of the Georgian population live in rural areas, and the majority of those still rely on agriculture for their livelihoods
World Bank: situation in Ukraine may trigger global recession
World Bank President David Malpass suggested that the situation in Ukraine and its impact on food and energy prices, as well as the availability of fertilizer, could trigger a global recession. Malpass told an event hosted by the U.S. …
World Bank slashes global growth forecast
The World Bank lowered its annual global growth forecast for 2022 on Monday by nearly a full percentage point, down from 4.1% to 3.2%, citing the impact that the situation in Ukraine is having on the world economy. …
Soaring food prices could fuel social unrest, extreme poverty
The world’s major international finance and food organisations have joined forces to call for urgent, coordinated action on food security in light of the crisis in Ukraine, warning soaring food prices could fuel social tensions and push millions into poverty
International agencies call for urgent aid to address food insecurity
Major international organizations issued an appeal Wednesday for urgent measures to deal with rising food insecurity in poor countries, including financing to support farmers and increase food supplies. “It is critical to quickly …
World Bank: Russia's GDP output to drop by 11.2% in 2022
Russia's economic output fall 11.2% due to punishing financial sanctions imposed by the United States and its Western allies on Russia's banks, state-owned enterprises and other institutions, the World Bank said. The World …
Farmers in Uzbekistan to Get Better Access to Finance
The World Bank’s Board of Executive Directors approved a $200 million financing package for the Second Rural Enterprise Development Project (REDP) aimed at supporting the establishment and expansion of farms and rural enterprises in 10 …
World Bank allocates $400 mln to Georgia
World Bank will allocate $400 million for the Human Capital Programme for Georgia, calling it “the largest cross-sectorial investment” for the country over 30 years of partnership. The World Bank Board of Executive …
World Bank hints on new Arab Spring
Soaring energy and food prices triggered by the crisis in Ukraine could exacerbate existing food security concerns in the Middle East and Africa
World Bank stops all its programs in Russia and Belarus
The World Bank (WB) made a decision to immediately stop all its programs in Russia and Belarus over the situation in Ukraine, according to its statement. "The World Bank Group has not approved any new loans to or investments in …
Renewable energy and Central Asia’s electricity issues
Central Asia has been experiencing frequent power outages during the pandemic, causing unrest and demonstrations across multiple provinces in the region
Kazakhstan slams European Parliament’s resolution on recent protests
Kazakh law enforcement is carrying out a major domestic investigation into the causes behind the turmoil
