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updated Sat. November 20, 2021

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In an apparent move to address the issue of debt trap being faced by low-income developing countries (LIDCs), to which China's “predatory economics” is playing a significant role, top officials of India, the US and Britain used various platforms in Washington during the annual Spring Meeting of the IMF and ...
Washington, April 21st, 2018 –The Egyptian government and the World Bank signed an agreement today for the US$500 million Supporting Egypt ... reforms, the five-year project aims to expand access to quality kindergarten for around 500,000 children, train 500,000 teachers and education officials, while ...

While the administration's America First approach rankled other nations, Mnuchin did announce a change in position with the World Bank, one of several multilateral institutions that Trump officials have criticized in the past. Last year, the administration said it was opposed to what would be the first increase ...
Siemens has been involved in various corruption itself, namely for bribing Russian gas companies, Israel, Greek officials during the Olympics and officials from dozens of countries. Last week, the World Bank debarred four companies for corporate misconduct, meaning they could not bid on World Bank ...
World Bank officials said the decision to issue the bond was based on a “transformation” in the market's approach to bond buying. “We are facing urgent and unparalleled development challenges,” George Richardson, director of capital markets for the World Bank Treasury told Yahoo Finance by email.
The programme was organised by Transmission Company of Nigeria (TCN) with the support of the World Bank-Assisted Nigeria Electricity and Gas Improvement Project. According to him, there should be transparent laws that guide land acquisition at all times. “There are laws guiding land acquisition and ...

Turkey has been a key stakeholder of the World Bank's International Finance Corporation (IFC) since its membership in 1956 and has the second largest .... Recently, officials from two Ukrainian cities visited Turkish cities to examine the results of the projects and learn from the Turkish experiences.
The World Bank has approved $145mn for Pakistan Housing Finance Project (PHFP), aimed at expanding homeownership, including women and the ... of lenders, support capital market development, and create an enabling environment for a sound national housing policy,” the World Bank official said.
The $500,000 GoFundMe Charity Campaign for Wealthy Ex-FBI Official Andrew McCabe Is Obscene ... According to the 2016 comprehensive World Bank study on global inequality, “767 million people are estimated to have been living below the international poverty line of US$1.90 per person per day.
ISLAMABAD: The World Bank has approved $145 million for Pakistan Housing Finance Project (PHFP), aimed at expanding homeownership, including ... of lenders, support capital market development, and create an enabling environment for a sound national housing policy,” the World Bank official said.
“Mr. President, distinguished colleagues, based on my interaction with government officials of Kaduna state, the sum of $350 was approved for the state by the World Bank.” “The facility was captured in 2014/2015 medium term with a maturity period of 25 years.” Sani urged the Senate to turn down the ...
They will join the official Uganda country delegation to the 2018 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group taking ... countries and engage in a number of activities, including meeting with senior government and World Bank officials to share their ideas and stories.
Ms. Okoro's mission will enable her to understand how World Bank financed programs and projects are working on the ground. The mission will also help her to learn how the Bank's recently decentralized legal services are working and how they can better support the Government's program funded by the ...
The nearly Rs 13,000-crore PNB scam, allegedly perpetrated by jewelers Nirav Modi and his uncle Mehul Choksi in collusion with a few officials of the state-run bank came to light last month, wherein the duo is alleged to have used a key loophole on the international trade finance front to defraud the bank.
Among the World Bank chiefs expected at the summit are the Director, Health Nutrition Population of the World Bank Group, Washington, Olusoji Adeyi; the Country Director, World Bank Nigeria, Rachid Benmassoud, Chair of Global Alliance for Vaccine and Immunisation (GAVI) and Nigeria's former ...
The World Bank says it has trained 79 federal and state government officials on how to manage the critical component of Community and Social Development Project, Additional Financing, which prioritises support for the poor, internally displaced persons and vulnerable groups across the country.
NAIROBI, March 26 (Xinhua) -- Low investment by African governments is to blame for inefficiency in providing services to the people, a World Bank official said on Monday. Khama Rogo, the World Bank's Lead Health Sector Specialist and Head Health in Africa Initiative, said total health spending per ...

The World Bank, International Finance Corp., the Inter-American Development Bank, the European Bank for Reconstruction and Development, the Asian ... Chief Economist Robert Johansson, Deputy Chief Economist Warren Preston, and several top-level government officials and private sector operators.
The World Bank has in the last six years disbursed about Shs 3.5 billion to implement the Kenya Coast Development Project (KCDP). The funds were ... the State Department of Fisheries. He said this on Saturday during the official handing over of 13 projects successfully implemented in Tana River County.
“Over the life of this project there have been a number of different project directors, but all have been government officials with other official government responsibilities, and this has not in of itself restricted progress on the project,” said a spokesperson of the World Bank. The spokesperson said that the ...
The Doing Business indicators measure the costs and the number of steps for starting a formal business — for example, a car dealership. If one were to open a car dealership in Madagascar, it would take eight days and cost 35.8 percent of the average annual income (this cost includes official fees and fees ...
The World Bank Group Executive Director, Andrew Ndaamunhu Bvumbe arrived in Lesotho yesterday on a two-day official visit that will put the World Bank ... the World Bank Group Executive Director will meet with various actors, including government and the private sector officials, to discuss development ...
The World Bank stands ready to support Myanmar's efforts to help its people in times of disaster, said an official of the international financial institution. ... The ceremony to launch the Myanmar Southeast Asia Disaster Risk Management Project was attended by officials from the World Bank, Yangon regional ...
The second phase of the existing hygiene plan is proposed to be implemented in the state by the health department and recommendation by the Centre to the World Bank is awaited. The World Bank officials visited the government hospitals in the city including the Tambaram Government Hospital and ...
Mrs. Georgieva has been fighting discrimination against women and children including those living for decades in the squalid refugee camp of Al-Kharaz in the South of Yemen and helped UNHCR officials in Geneva to remove infamous field officer, Emmanuel Uwurukundo, who was behind WFP food ...
The World Bank declares that its mission is to end extreme poverty within a generation and to boost shared prosperity. These goals ... On the contrary, rather than embrace the SDGs, the Bank is practically mute, and its officials have even been heard to mutter negatively about them in the corridors of power.
KUWAIT CITY, Feb. 13 (Xinhua) -- Reconstruction of Iraq is the goal for the international community in general and the Middle East in particular, said the Vice President of the World Bank for the Middle East and North Africa Hafez Ghanem on Tuesday. He made the remarks in an interview with the Kuwait ...
AS THE World Bank makes a case to its shareholders for a capital increase this year, they are grappling with an uncomfortable truth: one of their ... That doesn't seem to describe China today, a point that US officials are quick to point out in the current discussions around the World Bank's own capital needs.
Dubai - 12 February 2018: World Bank's President Jim Yong Kim said Monday that the need to invest in human capital is lagging across the globe ... In the Middle East alone, the World Bank official said that around 150 million people will leave the workforce by 2050, but an additional 450 million will join.
KUWAIT: The World Bank's private-sector arm urged international companies Sunday to overcome concerns about funding reconstruction projects in Iraq and seize high-yield investment options in the country. The International Finance Corporation's country manager for Iraq, Ziad Badr, was speaking in ...
The World Bank Group has provided a $25m budget support grant to Government and expressed commitment to fund President George Manneh Weah's ... followed by the contractual procedures of the project,” the delegation told President Weah and other officials of Government present at the meeting.
Although business executives, national officials and other global financiers and deal-makers may disagree with Mr. Trump on trade, they are with his administration on infrastructure privatization. The World Bank, to take a prominent example, has a long history of pushing the privatization of people's most ...
The World Bank methodology regarding to measurement of poverty is described in the World Development Report 1990: Poverty? In this “authoritative” study on global poverty published in 1990, the “upper poverty line” is arbitrarily set at a per capita income of US$ 1 a day corresponding to an annual per ...
Volatile market environment in Iran has led to Iran's decline in the international doing business environment, a World Bank representative in Iran told Trend. Ahmad Shabanifard, representative of the World Bank in business environment of Iran, said that the country in 2018 ranked 124th across 190 ...
Monrovia - The World Bank Country Director for Ghana, Liberia and Sierra Leone, Dr. Henry Kerali, head of a World Bank delegation, arrives in Liberia today to meet with senior officials of the Liberian Government. While in the country, the delegation will hold discussions with the Government to identify new ...
New Delhi: Finance minister Arun Jaitley on Saturday urged officials of the customs administration to cut red tape, facilitate cross border trade and help improve India's position in the World Bank's ease of doing business ranking. Addressing officials at the investiture ceremony and International Customs ...
He met top officials from the International Monetary Fund (IMF), World Bank (WB) and the African Development Bank (AfDB). The President held talks with IMF managing director Christine Lagarde, who said the financial institution would continue supporting Zimbabwe as the country addresses its economic ...
During the address he promoted four World Bank projects that would use private-sector capital. World Bank traditionalists are squirming. “It is not enough to be just another private equity fund,” said Scott Morris, a former United States Treasury official who worked with the World Bank, now at the Center for ...
If that happens, it could influence the rankings of other countries too, including India. Other World Bank officials have, however, defended the peer-reviewed changes to the methodology as fundamentally robust. In an official statement, the Bank said it would review only Chile's ranking to clear the air.
However, an appropriate alternative for generating adequate revenue would require a World Bank's approval since the World Bank (WB), Liberia's economic ... In the case of Liberia, the payment of excessive allowances did not only create the need to borrow money, but it encouraged others officials to ...
Not all World Bank officials shared Mr Romer's concerns. Chief executive officer Kristalina Georgieva said in a letter to Chile's finance minister last week that Mr Romer's comments were “unfortunate,” and she wrote, “we do not have any evidence to support the notion that the methodology is skewed to ...
Paul Romer, the World Bank's chief economist, has resigned after setting off a storm of criticism by questioning the integrity of the institution's official data. A note from World Bank President Jim Yong Kim posted on the bank's intranet to staff and members, obtained by MarketWatch, said Romer was stepping ...
Malik and Stone, professors at New York University Abu Dhabi and the University of Rochester, analyzed 4,000 World Bank projects approved from 1981 to 2012 to see if ... Given the large amount of funding the US provides, officials at the World Bank have an incentive to try to go along with US requests.
In the current firestorm created by their chief economist, World Bank officials are continuing to defend their ratings system, including its treatment of Chile. But Romer's criticism raises critical questions about the appropriateness of the World Bank, a publicly funded multilateral institution, to be promoting a ...
Ethiopia's leader has rejected arbitration by the World Bank on a disagreement with Egypt over the hydroelectric dam that Ethiopia is building on the Nile River. ... Egyptian officials have called the World Bank "neutral and decisive" and said the organization could facilitate negotiations "devoid of political ...
Chilean officials are fuming over an annual World Bank report called “Doing Business” that sharply decreased its competitiveness rating from 34 to 55 ... “What happened with the World Bank's competitiveness rankings is very concerning,” wrote Chilean President Michelle Bachelet on her official Twitter ...
The weaker growth of the capacity of the economy is an increasingly persistent theme in the analysis of official economic agencies such as the World Bank and the International Monetary Fund. There are some marked variations in the forecasts between different regions. Africa and India are seen as likely to ...
The World Bank Country Director Patchamuthu Illangovan on Wednesday said that Pakistan''s external account problems resurfaced due to lack of political consensus. ''Pakistan did well in first three years of the government as the GDP growth soared but in last 12 months the external problems had ...
Nakuru County Water and Sanitation Director Johnson Kamau (right) shows World Bank's Sanitation Technical Assistance Mission effluent that drains into Lake Nakuru through River Njoro. The team is in Nakuru on a fact finding mission on ways to collaborate with the county government in addressing ...
World Bank-supported operations and technical assistance contribute to the Sustainable Development Goal No. 11 and the ... Only 3% of this amount is available through official development assistance (ODA). This means ... The CCI has trained over 600 municipal officials from 240 cities in 25 countries.


 

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