World Bank
-
Asia
World Bank, in letter to US, backs draft UN resolution on Gaza
UNITED NATIONS: The World Bank backs language in a US-drafted United Nations Security Council resolution on Gaza that would authorize…
Read More » -
Asia
Kerala becomes first state in India to eradicate extreme poverty
MUMBAI: The southern Indian state of Kerala declared itself free of extreme poverty last Saturday (Nov 1), becoming the first…
Read More » -
Asia
World Bank calls on Malaysia to ‘significantly expand’ social pensions amid ageing population
They define social pensions as transfers to the elderly that are financed by general government revenues – meaning they do…
Read More » -
Asia
World Bank flags slower East Asia growth amid global uncertainty, urges deeper reforms
CHINA’S GROWTH REVISED UPWARD The World Bank in its report upgraded its economic growth forecast for China. The world’s second-largest…
Read More » -
Mexico
World Bank revises Mexico’s 2025 growth forecast up 0.2%
The World Bank updated its 2025 economic growth forecast for Mexico on Tuesday, amid growing trade uncertainty that is expected…
Read More » -
Asia
Bangladesh, World Bank sign US$850 million deal to boost jobs, trade
DHAKA: Bangladesh and the World Bank on Wednesday (Apr 23) signed two financing agreements worth US$850 million to strengthen the…
Read More » -
Asia
World Bank makes 10-year plan with Pakistan for US$20 billion in funding
ISLAMABAD: Pakistan’s prime minister on Wednesday (Jan 15) welcomed a first-of-its-kind agreement with the World Bank for a plan to…
Read More » -
News
World Bank raises China’s GDP forecast for 2024, 2025
The World Bank raised on Thursday (Dec 26) its forecast for China’s economic growth in 2024 and 2025, but warned…
Read More » -
Asia
Philippines GDP growth hit by typhoons, but outlook robust, says World Bank
MANILA: The Philippine economy is expected to grow more slowly than first thought this year after the country was hit…
Read More » -
News
South Korea pledges 45% increase in World Bank fund contribution
SEOUL: South Korean President Yoon Suk Yeol has pledged a 45 per cent increase in the country’s contribution to the…
Read More »