International Organizations World Bank

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  • WASHINGTON, April 14- Low oil prices will make it more difficult for Syria to rebuild from its civil war because the normal donor nations in the Middle East could struggle to provide support, World Bank President Jim Yong Kim said on Thursday. "I am very worried that there will not be the kind of grant-based aid we might have seen when there was $100 a barrel," Kim said in...

  • WASHINGTON, April 14- International Monetary Fund Managing Director Christine Lagarde said on Thursday the Fund would do more in 2016 to help its members meet economic growth objectives, including devoting more resources to protect vulnerable countries. In a policy agenda document released during the IMF and World Bank spring meetings in Washington,...

  • WASHINGTON- World Bank holds discussion on "Focus on Results"- 1430 GMT. WASHINGTON- World Bank holds discussion, "Turning the Paris Climate Agreement into Action"- 1700 GMT. WASHINGTON- World Bank holds discussion on "Innovative Financial Solutions for Today's Development Challenges"- 1800 GMT.

  • CAIRO, April 13- The World Bank will provide the first $1 billion tranche of a $3 billion loan to Egypt after parliament approves the government's economic programme, World Bank vice president Hafez Ghanem said at a news conference late Tuesday. Egypt has been negotiating billions of dollars in aid from various lenders to help revive an economy battered by...

  • TUESDAY, APRIL 12 WASHINGTON- World Bank holds discussion on "The Commodity Cycle in Latin America: Mirages and Dilemmas"- 1500 GMT. WASHINGTON- World Bank holds discussion on "Innovations to Prevent Gender-based Violence: Building Evidence for Effective Solutions"- 1600 GMT. WASHINGTON- World Bank discussion: "Emerging Lessons from Involuntary Resettlement"-...

  • WASHINGTON, April 11- The World Bank said on Monday it expects its nonmarket rate lending to top $43 billion in the current fiscal year as developing countries face economic headwinds, bringing its total for the past four years to more than $150 billion. "We are in a global economy where growth is expected to remain weak, so it is critically important that the World...

  • SINGAPORE, April 11- The World Bank trimmed its 2016 and 2017 economic growth forecasts for developing East Asia and Pacific, and said the outlook was clouded by risks such as uncertainty over China's growth prospects, financial market volatility and further falls in commodity prices. Latest GDP growth projections, percent:. East Asia and 5.7 5.7 5.7.

  • WORLD BANK CUTS 2016 DEVELOPING EAST ASIA PACIFIC GROWTH FORECAST TO 6.3 PCT FROM 6.4 PCT PREVIOUSLY, 2017 FORECAST TO 6.2 PCT FROM 6.3 PCT.

  • WORLD BANK SAYS BASE CASE FOR GROWTH OUTLOOK IS SUBJECT TO "ELEVATED RISKS".

  • WORLD BANK KEEPS 2016 CHINA GROWTH FORECAST UNCHANGED AT 6.7 PCT, 2017 GROWTH FORECAST ALSO UNCHANGED AT 6.5 PCT.

  • SINGAPORE, April 11- The World Bank trimmed its 2016 and 2017 economic growth forecasts for developing East Asia and Pacific, and said the outlook was clouded by risks such as uncertainty over China's growth prospects, financial market volatility and further falls in commodity prices. The Washington- based lender now expects the developing East Asia and...

  • LIMA, April 10- Keiko Fujimori likely won the first round of Peru's presidential election on Sunday, though the race to be her opponent in the June run-off was locked in a virtual tie between two contenders, three exit polls showed. A runoff between Kuczynski, a former World Bank economist, and Fujimori would likely ensure Peru's free-market economic model...

  • MOSCOW, April 6- Russian poverty rates will return to 2007 levels this year as the economy continues to contract and inflation reduces people's purchasing power, the World Bank said on Wednesday. The number of poor people in Russia will rise to more than 20 million out of a population of over 140 million, the World Bank said, the largest increase in poverty since the...

  • MOSCOW, April 6- The World Bank does not necessarily see a large rise in oil prices if oil output freeze deal is reached between major oil producing nations later this month in Doha, Birgit Hansl, lead economist for Russia, told a briefing on Wednesday.

  • MOSCOW, April 6- Russia's economy will contract by 1.9 percent in 2016 followed by growth of 1.1 percent next year, the World Bank said on Wednesday, cutting its forecasts to factor in a weaker global oil price. The World Bank said in its latest Russia economic report the projected increase in poverty in Russia in 2016 would be the largest since the 1998-99 crisis,...

  • April 5- A World Bank tribunal has ordered Venezuela to pay damages of nearly $1.4 billion to Crystallex International Corp, a Canadian mining company, as compensation for expropriating the miner's Las Cristinas mining project, Crystallex said on Tuesday. The award, worth $1.386 billion, was released on Monday by the World Bank's International Centre for...

  • WASHINGTON, March 31- The International Monetary Fund said on Thursday that it has again cut its growth forecast for Nigeria as the oil exporter faces "substantial challenges" from low crude prices. In February, after IMF officials visited the country, the Fund had forecast 3.2 percent growth for Nigeria in 2016.. Discussions between Nigeria and the World Bank...

  • SHANGHAI, March 23- The World Bank has approved a $500 million loan to China to support financing of projects to help control air pollution in and around Beijing. The money will help companies in Beijing, Hebei, Tianjin and neighbouring areas that are taking action to tackle air pollution under a prevention and control plan adopted by China's cabinet, the State...

  • BUENOS AIRES, March 18- Argentina has secured $3.5 billion in new financing from the World Bank over the next two years to help fund water, health and housing projects as well as a child welfare programme, the Finance Ministry said on Friday.

  • WASHINGTON, March 9- Global merchandise import growth slowed to 1.7 percent in 2015 as China's slower growth path and difficulties in commodity exporting countries reduced trade volumes, a World Bank report showed on Wednesday. Had China's imports remained flat, world merchandise import volume growth for 2015 would have been 2.1 percent, the World Bank said.