page 3
UN Secretary-General Antonio Guterres urged the United States and the World Bank to unfreeze Afghan funds, locked since the Taliban's return to power, to prevent "the nightmare unfolding in Afghanistan" from getting worse. …
The World Bank has cut its forecasts for China's economic growth this year and next, as the world's second largest economy faces mounting headwinds from the new Omicron variant to a severe property sector downturn
Energy prices are expected to inch up in 2022 after surging more than 80% in 2021, fueling significant near-term risks to global inflation in many developing countries, the World Bank said in its latest Commodity Markets Outlook on …
They are vaccination, jobs, and social assistance
Without immediate, substantial action, climate change is projected to have major consequences not only on the economies of Central Asia, but also for regional stability and security
The World Bank has halted funding for projects in Afghanistan after the Taliban (terrorist group outlawed in Russia) seized control of the country. It cited concerns over how the Taliban's takeover will impact "the …
The Georgian economy is projected to grow 6% in 2021, 5% in 2022 and again 5% in 2023, says the June edition of the World Bank’s report Global Economic Prospects 2021. According to the latest GDP data of April …
Russia’s GDP growth is forecast at 3.2% in 2021, followed by 3.2% and 2.3% in 2022 and 2023, respectively, according to the …
Air pollution in Georgia contributed to more than 4,000 lives lost, while its economic costs were estimated at $560 million, or 3% of gross domestic product (GDP), reads the World Bank report 'Georgia: Towards Green and Resilient …
Micro, small and medium sized enterprises in Georgia impacted by the COVID-19 pandemic are to benefit from EUR 85 million in financing support, approved today by the World Bank’s Board of Executive Directors, Mirage News reported. …
The COVID-19 pandemic has hit Georgia hard. Mobility restrictions, a sudden halt to international tourist arrivals, and weak external demand drove an estimated economic contraction of 6.2 percent in 2020. The poverty rate increased by an …
The World Bank has upgraded its outlook on Russia’s GDP growth in 2021 to 2.9% compared with its December forecast of 2.6%, and in 2022 - to 3.2% from 3% due to a lower than expected GDP contraction in 2020 and quick easing of …
By limiting access to health, education, social protection, and jobs, the COVID-19 pandemic threatens to reverse human capital gains in Azerbaijan. In a recently published report, Survive, Learn, Thrive: Strategic Human Capital Investments to Accelerate Azerbaijan’s Growth, the government of Azerbaijan and the World Bank identify the main challenges to building and activating human capital and put a spotlight on high-impact interventions that respond to constraints, Modern Diplomacy writes. Fadia M. Saadah, World Bank Human Development Regional Director for Europe and Central Asia, reflects on the success and challenges of the past, and opportunities for the World Bank Group to partner with the government of Azerbaijan in ensuring resilient growth, powered by human capital investments
The global economy will experience a subdued recovery this year from the devastating pandemic, the World Bank predicted, but it warned that the near-term outlook is highly uncertain and growth could be imperiled if coronavirus infections and …
The World Bank has approved a $300 million loan for the execution of two projects in southern Pakistan, the bank's country director for Pakistan Najy Benhassine said. The loan will be used for the two projects aimed at building …
The autumn edition of the World Bank’s Economic Update released on October 7 forecasts that Uzbekistan is one of only two countries in Europe and Central Asia that will see positive economic growth this year as the rest of the world …
Over the last 10 years child mortality and child stunting rates in Azerbaijan have dropped considerably
In a remote intervention during a conference held in Madrid on Thursday, the World Bank’s chief economist Carmen Reinhart predicted that it may take as much as five years for the global economy to recover from the coronavirus pandemic-led …
Shimmering white and gracefully statuesque, the Mount Washington Hotel is a manmade anomaly among the raw wilderness of the surrounding White Mountains in remote northern New Hampshire. As BBC …
Alisher Sultanov tells about the country’s ambitious energy plans
