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International Organizations World Bank

  • ULAANBAATAR, Mongolia— The Mongolian government and envoys from the International Monetary Fund said Sunday that they and other partners have agreed on terms for a more than $5 billion loan package to the north Asian country to help get its economy back on track. The Asian Development Bank, World Bank, Japan and South Korea are together expected to provide up to...

  • The International Monetary Fund (IMF) logo is seen at the IMF headquarters building in Washington.

    The country has been roiled by an economic crisis since 2016 due to government overspending and declining revenues from commodity exports.

  • BEIRUT— The World Bank said Tuesday it has earmarked $200 million for repairing Lebanon's unsafe roads, signaling a resumption of international aid months after the election of a president following a two-year political vacuum in the tiny Mediterranean country. Ferid Belhaj, the World Bank's Middle East director, said the project would "help Lebanon...

  • Metallurgical Group Corp. is in the process of building an open-pit copper mine that will destroy a 5,000-year-old Afghanistan city.

  • LONDON, Jan 25- The fast-growing financial technology sector could hold big "systemic risks" for the banking sector and the broader economy which need to be addressed by bank regulators around the world, Bank of England Governor Mark Carney said on Wednesday. Speaking at a conference in Germany organized by the country's central bank, Carney said financial...

  • LONDON, Jan 25- The fast-growing financial technology sector presents potentially major "systemic risks" that need to be addressed by bank regulators around the world, Bank of England Governor Mark Carney said on Wednesday. Speaking at a conference at Germany's central bank, Carney said financial innovation could reduce costs and improve efficiency.

  • VIENNA- Austria Central Bank Governor Ewald Nowotny to speak at event "Risks and Returns: Managing Financial Trade-Offs for Inclusive Growth in Europe and Central Asia" with World Bank officials. VIENNA- Austrian Finance Minister Hans Joerg Schelling to speak about 2017 economy and fiscal issues- 0930 GMT. VIENNA- ECB Governing Council Member Ewald Nowotny...

  • *Investors keen to get exposure to Iran. *Iran needs foreign expertise after decades of sanctions. While there could be headwinds from the incoming Trump administration in Washington, Iran offers fertile ground for investors: the World Bank classifies the country of 77 million as an upper-middle income nation.

  • MOSCOW, Jan 12- Russia needs to improve its investment climate, diversify its oil-dependent economy and boost productivity growth if it wants to catch up with the global economy, the World Bank said on Thursday. In a report called "Pathways to Inclusive Growth" the World Bank offered Russian authorities some tips on how to overcome existing economic and...

  • World Bank: We’re deeply concerned about investment slump

    Franziska Ohnsorge, lead economist at the World Bank Global Economic Development Prospects Group, talks about the trends in investment growth and the impact of technology.

  • Political uncertainty is at record high levels: World Bank

    Franziska Ohnsorge, lead economist at the World Bank Global Economic Development Prospects Group, talks about the group’s global economic forecasts going forward.

  • US growth would occur even without Trump: World Bank

    Ayhan Kose at the World Bank forecasts that growth in the U.S. will pick up at 2.2 percent in 2017.

  • WASHINGTON, Jan 10- The World Bank on Tuesday said global growth would accelerate slightly as recovering oil and commodity prices ease pressures on emerging-market commodity exporters and painful recessions in Brazil and Russia come to an end. "After years of disappointing global growth, we are encouraged to see stronger economic prospects on the horizon,"...

  • ACCRA, Dec 15- The World Bank Group said on Thursday it two of its units would provide another $517 million to Ghana in debt and guarantees to support the $7.7 billion Sankofa oil and gas project developed by Italy's ENI SpA and upstream trader Vitol Ghana. "Sankofa is expected to generate $2.3 billion in revenues for Ghana's government per year and provide a...

  • ACCRA, Dec 15- The World Bank Group said on Thursday it would provide $517 million to Ghana in debt and guarantees to support the $7.7 billion Sankofa oil and gas project being developed by Italy's ENI and upstream trader Vitol Ghana. "Sankofa is expected to generate $2.3 billion in revenues for Ghana's government per year and provide a stable, long-term source of...

  • WASHINGTON, Dec 15- The World Bank said on Thursday that 48 governments have ratcheted up the fight against extreme poverty by committing $75 billion in new funds to the International Development Association, the bank's fund for the poorest countries. The replenishment will enable IDA to scale up development interventions to tackle conflict, fragility and...

  • The "Life in Transition" survey conducted by the European Bank for Reconstruction and Development and the World Bank has questioned households across a broad region since 1991 as the Cold War came to an end, but Greece was included for the first time this year. Only one in 10 Greeks were satisfied with their financial situation and only 24 percent with life...

  • The "Life in Transition" survey conducted by the European Bank for Reconstruction and Development and the World Bank has questioned households across a broad region since 1991 as the Cold War came to an end, but Greece was included for the first time this year. Only one in 10 Greeks were satisfied with their financial situation and only 24 percent with life...

  • The "Life in Transition" survey conducted by the European Bank for Reconstruction and Development and the World Bank has questioned households across a broad region since 1991 as the Cold War came to an end, but Greece was included for the first time this year. Only one in 10 Greeks were satisfied with their financial situation and only 24 percent with life...

  • The "Life in Transition" survey conducted by the European Bank for Reconstruction and Development and the World Bank has questioned households across a broad region since 1991 as the Cold War came to an end, but Greece was included for the first time this year. Only one in 10 Greeks were satisfied with their financial situation and only 24 percent with life...