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...
Jim Yong Kim, president of the World Bank, talks about the importance of getting capital and finance into emerging and developing economies.
The IMF and World Bank are discussing possible financing aid for Azerbaijan to help it cope, the institutions said on Wednesday.
In its latest report, the bank has lowered its 2016 forecast for crude oil prices to $37 per barrel.
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.
A fund manager who called $30 oil a year ago has some more bold (mostly bad) news for investors.
Pandemics are a neglected risk to lives and economies that could costs trillions of dollars, says a new report.
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.
The World Bank suggests the number of the poorest people will rise if greenhouse gas emissions aren't curbed.
PM Narendra Modi is personally taking on India's notorious red tape to clear tens of billions of dollars worth of stalled public projects.
Banks in Myanmar bought hundreds of millions of dollars in the black market this year, banking sources said, raising concerns about regulation.
Global youth unemployment rates may be making a mild recovery but only a few young adults are looking forward to good career prospects, says ILO.