International Organizations World Bank

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  • 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. The tepid growth in 2015 compared to 3 percent growth in 2014, with emerging markets in Asia accounting for most of the reduction.

  • Capital is leaving developing countries: Jim Yong Kim

    Jim Yong Kim, president of the World Bank, talks about the importance of getting capital and finance into emerging and developing economies.

  • "We do recognize the risk the global economy faces," said vice finance minister Zhu Guangyao at a conference held by the Institute of International Finance, referring to recent downgrading of global growth by the IMF and the World Bank and OECD.

  • WASHINGTON, Feb 18- The World Bank said on Thursday it is making $150 million in financing immediately available to help combat the Zika virus outbreak in affected Latin American and Caribbean countries. Mexico and Cuba would take the worst hits by dollar value this year, it said, reducing their GDP by $744 million and $664 million, respectively, as it expects the...

  • WASHINGTON, Feb 11- The World Bank on Thursday approved $2.5 billion in new three-year credit lines for Peru to bolster the country's finances as it struggles with slowing growth and fiscal pressures brought on by the collapse of commodities prices. The World Bank said the two facilities approved by its executive board, each for $1.25 billion, are contingency...

  • WASHINGTON, Feb 11- The World Bank on Thursday approved $2.5 billion in new three-year credit lines for Peru to bolster the country's finances as it struggles with slowing growth and fiscal pressures brought on by the collapse of commodities prices. The World Bank said the two facilities approved by its executive board, each for $1.25 billion, are contingency...

  • WORLD BANK SAYS BOARD APPROVES $2.5 BLN IN NEW CREDIT LINES TO PERU TO HELP CUSHION ECONOMIC, ENVIRONMENTAL SHOCKS.

  • REIGATE, England, Feb 10- Unsure how a misfiring global economy is affecting matters at home, Bank of England chief Mark Carney has turned to an age-old gauge of Britain's economy: the word on the street from a trusted band of regional agents. "You get all that sort of background that certainly doesn't come from reading statistics," Martin Weale, an external member of...

  • "The richest oil exporters in the region, Saudi Arabia, Qatar, Kuwait and United Arab Emirates, have large reserves that will enable them to run deficits over the coming years, although not far beyond that," the World Bank said in the report. The report was issued as the World Bank is in talks on financing with some oil producers in other regions, including Azerbaijan,...

  • LIMA/ WASHINGTON, Feb 3- Peru has become the latest commodity exporter to seek financing help from the World Bank amid fiscal and currency pressures brought on by collapsing prices for metals, oil and other raw materials. Peruvian government sources and a World Bank official said on Wednesday that talks were underway for two new credit lines that will bolster...

  • LIMA/ WASHINGTON, Feb 3- Peru is in talks with the World Bank to secure two new credit lines that may be used to help Lima weather fiscal pressures brought on by the collapse of commodity prices, Peruvian government and World Bank sources said on Wednesday. Amounts for the three-year loan facilities could not be disclosed as discussions are continuing and the...

  • LONDON, Feb 2- China's capital has become notorious for its smog but the biggest contributors to local air pollution are industrial furnaces, district heating systems, residential fires and trucks rather than power plants. In 2013, the air over Beijing contained an average of 88 micrograms of PM2.5 per cubic metre, compared with just 14-16 micrograms in the air...

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

    The IMF and World Bank are discussing possible financing aid for Azerbaijan to help it cope, the institutions said on Wednesday.

  • World Bank slashes outlook for 80% of commodity prices

    In its latest report, the bank has lowered its 2016 forecast for crude oil prices to $37 per barrel.

  • The People's Bank of China in Beijing's financial district.

    Is a banking crisis brewing in this Asian nation's giant economy? Moody's studied the problem to see how it could affect U.S. institutions.

  • Mark Yusko, chief executive officer of Morgan Creek Capital Management LLC.

    A fund manager who called $30 oil a year ago has some more bold (mostly bad) news for investors.

  • Red Cross workers carry away a person suspected of dying from Ebola, in the Liberian capital Monrovia, on Oct. 4, 2014.

    Pandemics are a neglected risk to lives and economies that could costs trillions of dollars, says a new report.

  • World Bank warns of fault lines below the surface

    Larry Hatheway, group chief economist at GAM, responds to warnings from the World Bank and discusses how falling oil prices will impact developing nations.

  • Weak growth among major emerging markets will weigh on growth in 2016, with advanced economies solely responsible for a modest expansion.

  • Many countries in East Asia risk losing as much as 15 percent of their workforce to aging population by 2040, according to the World Bank.