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International Organizations World Bank

  • *Nigeria sees 2017 GDP up 2.19 pct y/y. LAGOS, March 7- Nigeria unveiled a sweeping economic recovery plan on Tuesday, including measures to reduce its dependence on oil and to relax foreign exchange restrictions, in a drive to pull Africa's largest economy out of its first recession in 25 years. The plan could smooth talks with the World Bank on a loan of at least $1...

  • LAGOS, March 7- Nigeria expects the economy to climb out of recession and grow 2.19 percent this year, the budget ministry said on Tuesday, unveiling a reform plan that includes selling assets and hiking a luxury goods tax. International lenders including the World Bank have urged it to present such a plan before granting the country a budget support loan.

  • NEW DELHI- India-OECD-World Bank regional conference on financial education. NEW DELHI- OECD Deputy Secretary-General Richard Boucher to give opening remarks at India-OECD-World Bank regional conference- 0330 GMT. NEW DELHI- World Bank India Country Director Onno Ruhl to give opening remarks at India-OECD-World Bank regional conference- 0340 GMT.

  • BANJUL, Feb 25- The World Bank's Vice President for Africa, Makhtar Diop, said on Saturday he had agreed to give Gambia $60 million in budget support after government allegations that former ruler Yahya Jammeh took tens of millions of dollars in public money, leaving it heavily indebted. "All parastatals, especially the National Water and Electricity Company,...

  • *Egypt floated its pound currency in November. CAIRO, Feb 24- Egypt will receive in March the second $1 billion tranche of a $3 billion World Bank loan aimed at supporting a government economic reform program, Central Bank Governor Tarek Amer said late on Friday. Facing a gaping budget deficit, Egypt began a series of painful economic reforms and has been taking...

  • 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.

  • Mes Aynak, Afghanistan

    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,"...

  • world growth

    The World Bank's Victoria Kwakwa says growth forecasts for East Asia are realistic as consumer demand in the region remains resilient.

  • Credit Suisse explains why it likes emerging market debts, Chinese equities and oil-related currencies for 2017.

  • Workers at the Nissan Rosslyn plant in Rosslyn, South Africa.

    Robots could displace millions of jobs with industries favoring a digital revolution at the expense of human workers, according to a UN report.

  • Indonesia improves standing in Doing Business rankings

    Following reforms to simplify business regulations, it now only takes 22 days to start a business in Indonesia, says the World Bank's Rita Ramalho.