page 4
World Bank President David Malpass on Wednesday called for the Group of 20 major economies to extend a freeze on official bilateral debt payments by the world’s poorest countries through 2021, and said some very heavily indebted countries …
Per-capita output will contract in more than 90% of countries, the biggest share since 1870
The World Bank has worsened its outlook for the global economy in 2020, including worsening of the forecast for Russia’s gross domestic product (GDP) to a 6% contraction this year from a fall 1%, the World Bank said in its Global Economic …
The World Bank slashed its outlook for oil and metals prices on Thursday due to the economic fallout of the coronavirus pandemic and said the commodity market shock could hit developing countries hardest, Reuters reports. Crude oil …
The World Bank said it had increased to $14 billion the amount of fast-track financing available to members to respond to the global coronavirus pandemic, adding $2 billion to an initial package announced on March 3. The change …
Stock markets in Europe and the US are braced for their biggest falls since the 2008 financial crisis
The World Bank is offering technical assistance to China to help battle the coronavirus epidemic but no new loans, the development lender’s president David Malpass said. He told Reuters the bank was working with …
Russia has risen to the 28th position in the Doing Business 2020 rating of the World Bank and the International Finance Corporation from the 31st position it occupied last year. The WB said in the report that it happened thanks to …
Azerbaijan takes 34th place among 190 countries in Doing Business 2020 rating published by the World Bank. According to the WB report, Azerbaijan made improvements in areas of registering property, getting credit, protecting …
Renaud Seligmann has been appointed World Bank Country Director for Russia, effective October 15, 2019. In this position, "Seligmann will lead the dialogue with the government, development partners and other …
The World Bank said it has lowered Russia’s economic growth forecasts for this year to 1% from 1.2%, revising down the country’s economic outlook for the fourth time so far this year. The World Bank’s revision of …
Azerbaijan is among TOP-20 countries with the improved 'Doing Business 2020' rating, published by the World Bank. According to the bank, Azerbaijan made it easier to do business in four areas measured by Doing Business: …
The World Bank is happy to partner with the Azerbaijani government in implementing many reforms, Regional Director of the World Bank for the South Caucasus Mercy Tembon said. According to her, the cooperation …
Russian economic growth accelerated to a six-year high of 2.3% in 2018, despite tightened economic sanctions and pressure on financial markets, according to the World Bank's report. The report found that acceleration was …
Azerbaijani President Ilham Aliyev has received a delegation led by Regional Director of the World Bank for the South Caucasus Mercy Tembon today in Baku, according to the presidential press service. …
The Annual Meeting of the International Monetary Fund and the World Bank Group kicks off in Washington today. The Russian delegation will arrive in Washington today - for the first time in several years the Bank of Russia will be …
Money transfers to poor and developing countries hit a fresh record in 2018 and should become their largest source of external financing this year, the World Bank said. But, according to the bank, many banks and money transfer operators …
The World Bank said it had lowered its forecast for annual economic growth in Russia this year to 1.4% from a projection in January of 1.5%. “A downgraded forecast for gross domestic product growth in 2019 reflects lower oil …
The avenues of communication between the Uzbek people and their government are as important as new roads or railways
Georgia’s economy is growing steadily, according to the latest data from the National Statistics Office of Georgia (Geostat). The estimated real gross domestic product (GDP) growth rate in January 2019 equaled 3.5% …
