World Bank: Russian economy returns to modest growth
Over the past five years, Russia has not only become the world’s largest exporter of wheat, but it has reached self-sufficiency in pork and poultry
World Bank
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Azerbaijan becoming more attractive for business
Azerbaijan is among notable reformers in Europe and Central Asia region, the World Bank said in its Doing Business 2018 report. Azerbaijan ranked 57th among 190 countries in the Doing Business 2018. The distance to frontier score stood …
World Bank implements $170 mln credit projects to support Azerbaijan's IDPs
The World Bank and the Azerbaijani State Committee for Affairs of Refugees and IDPs have jointly implemented credit projects worth nearly $170 million during their cooperation, Azerbaijan's Deputy Prime Minister Ali Hasanov, …
World Bank: Azerbaijan show biggest economic growth in Europe and Central Asia
Azerbaijan has shown the biggest economic growth in the region of European countries and Central Asia for 25 years, World Bank Vice President for Europe and Central Asia, Cyril Muller, said at a ceremony dedicated to the 25th …
World Bank and Georgia celebrate 25 years of partnership
Georgia and the World Bank are celebrating 25 years of partnership today. To mark this occasion Georgia’s Finance Minister Dimitry Kumsishvili hosted the Vice President of the World Bank’s Europe and Central Asia …
World Bank promises to help Georgia in restoring Borjomi forest
The World Bank is ready to provide financial and technical assistance to Georgia to overcome outcomes of the recent fire in the Borjomi-Kharagauli National Park, the WB regional director Mercy Tembon said after her meeting with …
EBRD ready to allocate $500 mln loan to TANAP
Azerbaijan’s Southern Gas Corridor Closed Joint Stock Company may receive $500 million loan for the Trans Anatolian Natural Gas Pipeline (TANAP) from the European Bank for Reconstruction and Development (EBRD) . A decision on …
The Toll of War: The Economic and Social Consequences of the Conflict in Syria
The breakdown of the systems that organize both the economy and society has had a greater economic impact than the destruction of physical infrastructure
Child marriages to cost poor countries trillions of dollars
Child marriage will cost developing countries trillions of dollars in the next decade, seriously hampering global efforts to eradicate poverty, the World Bank said on Tuesday, Gulf Times reported. An estimated one in three girls in …
World Bank: 'classic' crises remain in the past
Classic crises with the decline and systematic restoration of economies remained in the past, the World Bank Chief Executive Officer Kristalina Georgieva said at the St. Petersburg International Economic Forum. "I …
World Bank: Russia's inflation to decline bellow 4% in 2-3 years
The World Bank predicts a decrease of inflation in Russia to less than 4% within 2-3 years. It will be possible due to the prudent policy of the Bank of Russia, the World Bank's Lead Economist for the Russian …
World Bank expects Russia’s economy to grow
The World Bank expects Russia’s economy will expand moderately over the next three-year period, with growth rates are seen at 1.3% and 1.4%. "We expect the Russian economy to grow 1.3% in 2017 and 1.4% both in 2018 and …
World Bank to help Georgia to carry out reforms
The World Bank will provide Georgia with a loan of 47.2 million euros for economic development. Money will be allocated in the framework of Second Inclusive Growth Programmatic Development Policy Operation for Georgia – DPO-2. …
Azerbaijan improves regulation on financial markets
IFC helps launch Azerbaijan’s First Credit Information Bureau to boost access to finance
World Bank's new energy rating: Russia among leaders
Russia entered the prosperous "green zone" on the basis of the World Bank's new survey evaluating the stability of the energy policy in 111 countries. Russia occupies the 27th place in the leading group with 77 points …
Child labor practice phased out in Uzbekistan
Uzbekistan has phased out organized child labor, The International Labor Organization said in a status report prepared for the World Bank. It also said that Uzbekistan is making progress in reforms to address risks of forced labor in …
Azerbaijan and WB to sign loan deal on TANAP
Today Baku will host a ceremony for signing of a loan agreement between Azerbaijan and the World Bank on the Trans Anatolian Natural Gas Pipeline (TANAP) project, the WB Baku office said. The signing ceremony will be held as part of the …
World Bank to allocate $800 million for TANAP
The World Bank’s board of directors approved loans of $400 million each for Turkey and Azerbaijan, for the Trans-Anatolian Natural Gas Pipeline (TANAP) project. The loans will be supplied through the World Bank's …
WB ready to determine actual value of manat
The World Bank has published conditions for determining the actual value of the Azerbaijani currency. WB chief economist for Europe and Central Asia, Hans Timmer, said that if necessary conditions are created, the …
Lagarde: Russia's Central Bank governor has done fantastic work
Managing Director of the International Monetary Fund Christine Lagarde gave a positive assessment of the steps taken by the Russian authorities, including the Central Bank of Russia, to maintain macroeconomic stability, Russian …
