World Bank: Georgia shows sustained growth and economic resilience
World Bank representatives have identified key development conditions and economic prospects for Georgia.
World Bank
Türkiye to increase renewable energy capacity to 120,000 MW
Türkiye has launched efforts with the World Bank to secure up to $6 billion in financing to expand the country's electricity transmission capacity, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said.
UN estimates Gaza rebuild to cost $70 bln
There are promising early indications from countries about their willingness to contribute to the $70 billion cost of rebuilding Gaza, a United Nations Development Programme official said on Tuesday.
Armenia to take out loan for water infrastructure
The Armenian government has decided to obtain a loan from the World Bank to fund repairs for irrigation systems and residential water supply networks.
World Bank announces poverty reduction in Georgia
The poverty level in Georgia is decreasing, the World Bank announced. However, it also notes existing problems, including in the area of employment.
World Bank predicts GDP growth decline in South Caucasus
Thus, experts predict the GDP growth, after which there will be a noticeable decline: in Georgia from 6% to 5%, in Armenia from 5% to 4.6%
World Bank to help Turkey expand electric rail transportation
The World Bank Board has approved $660 million in financing to support Türkiye’s efforts to expand electric rail transportation that will help improve the efficient movement of goods across the country, boost exports, …
COP29: World Bank to allocate $150 bln to finance climate projects
The World Bank plans to allocate $150 billion to finance climate projects over the next 10 years, the World Bank's Vice President for Sustainable Development Juergen Voegele said at COP29 in Baku. “The World Bank …
Georgia predicted to have serious economic growth
The International Monetary Fund has upgraded its economic growth forecast for Georgia to a 7.6% for 2024, surpassing the rates of European countries and the country's regional neighbours, the Georgian Economy Ministry said. In its …
Uzbekistan among 3 fastest growing economies in 2024
The World Bank now forecasts that Uzbekistan's GDP will grow 6% in 2024, 5.8% in 2025 and 5.9% in 2026, according to the bank's latest Global Economic Prospects review. The bank's previous forecast in June predicted more …
Armenia asks EU to share its business experience
Today, employees of the World Bank and a business delegation of the European Union visited Yerevan
World Bank projects Georgia's economy to grow
The Georgian economy has been projected to grow 5.2% in 2024 in the June edition of the World Bank’s Global Economic …
Türkiye and World Bank sign $1 billion energy cooperation agreement
Türkiye and the World Bank signed an agreement on cooperation in the energy sector. It is aimed at expanding the use of renewable energy sources.
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.
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 …
