New environmental threats that laws cannot address are fostering a fresh grassroots call to action, says guest commentator Terry Tamminen.» Read More
WASHINGTON, May 16- The percentage of global investment that goes to developing countries should triple in the next two decades as emerging economies catch up to richer nations and become more integrated into financial markets, the World Bank predicted in a report on Thursday.
DUBAI, May 6- The United Arab Emirates is drafting legislation to let small and medium-sized firms use machinery and other assets to back loans, in order to improve financing options for the firms, said a unit of the World Bank which is helping with the law.
NAIROBI, May 2- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. *ZAMBIA- Bank of Zambia auctions 450 million kwacha worth. RWANDA- World Bank holds a news conference to release a.
WASHINGTON, May 1- Twenty of the world's most troubled countries have made progress in efforts that range from reducing poverty to improving the education of girls and cutting down on the deaths of women in childbirth, the World Bank said on Wednesday.
New environmental threats that laws cannot address are fostering a fresh grassroots call to action, says guest commentator Terry Tamminen.
WASHINGTON, April 20- Global finance officials endorsed a new World Bank goal to end extreme global poverty by 2030 and emphasized that its focus should be on ensuring that the poorest benefit from strong growth and rising prosperity in developing nations.
A G20 communique, issued at the semi-annual meetings of the International Monetary Fund and the World Bank, was a small but meaningful step toward more transparency, tax justice advocates said.
*Lipper data shows India focused equity fund net outflows of $7 bln in 2012. Chidambaram is in the United States seeking foreign investment for India's ailing economy, the third-largest in Asia, before making his way to Washington for the annual spring meetings of the International Monetary Fund and World Bank.
SINGAPORE, April 15- The World Bank on Monday scaled back slightly its 2013 growth forecasts for emerging East Asia and warned about possible over-heating in the region's larger economies, but the global lender said the Bank of Japan's sweeping monetary expansion should provide a fillip to developing countries.
WASHINGTON, April 15- The World Bank's political risk guarantee agency hopes that with a new insurance facility it can help attract more companies into conflict-hit states early on as the country rebuilds and tries to get people back to work, a senior official said on Monday.
*China Q1 GDP unexpectedly slips to 7.7 pct yr/yr. *World Bank lowers China growth estimate for 2013. LONDON, April 15- Brent crude oil sank below $101 a barrel on Monday to a nine-month low after bleak Chinese and U.S. data stoked worries of a slowdown in economic growth in the world's top oil consumers.
*China Q1 GDP unexpectedly slips to 7.7 pct yr/yr. *World Bank lowers China growth estimate for 2013. "The China data is going to have a major impact on an already weak commodity market," said Jonathan Barratt, chief executive of commodity research firm BarrattBulletin.
*China Q1 GDP unexpectedly slips to 7.7 pct yr/yr. *World Bank lowers China, East Asia growth estimate for 2013. SINGAPORE, April 15- Brent and U.S. crude futures fell more than $1 on Monday, with the former slipping towards $101 a barrel, after Chinese and U.S. data stoked investors' concerns of a slowdown in economic growth in the world's top oil consumers.
WASHINGTON, April 11- The World Bank said on Thursday it would lend between $3 billion to $5 billion annually to India under a new four-year plan that focuses development projects on the country's poorest states.
Raghavan Seetharaman, President & CEO of Doha Bank, talks about the company's recently-opened Sydney office - the first for a bank from the Gulf region.
Leaders of the five BRICS nations plan to create a development bank in a direct challenge to the World Bank that they accuse of Western bias. The bank would use $50 billion of seed capital shared equally but dominated by China.
Developing nations must be ready for a financial market selloff if the Cypriot banking sector collapses, World Bank Managing Director Sri Mulyani Indrawati said on Sunday, urging a swift resolution to the crisis in Cyprus.
BEIJING, March 24- Developing nations must be ready for a financial market selloff if the Cypriot banking sector collapses, World Bank Managing Director Sri Mulyani Indrawati said on Sunday, urging a swift resolution to the crisis in Cyprus. Europe's financial markets have also traded in relative calm since the Cyprus crisis flared up.
KABUL, March 14- Afghanistan must make improving its power infrastructure a top priority to exploit vast mineral deposits and attract more foreign investors, the head of the World Bank said Thursday. Only a quarter of Afghanistan's 30 million people currently have access to the power grid, which is for the most part supplied by its neighbours such as Uzbekistan.
JOHANNESBURG, March 5- Budget cuts triggered by the fiscal crisis in the United States will have some effect on the global economy although it is unlikely to be a "big jolt", the World Bank's chief economist said on Tuesday.