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International Organizations World Bank

  • BERLIN, Oct 9- The International Monetary Fund is likely to nudge up its growth forecast for the global economy in its World Economic Outlook due on Tuesday, a senior German government official said. The official said on Monday that a meeting of economic policymakers in Washington for this week's IMF and World Bank annual meetings was a good opportunity to look...

  • SAUDI AUTHORITIES REVIEWING PUBLIC SPENDING WITH WORLD BANK TO ACHIEVE MORE SAVINGS- IMF.

  • A bicycle from bike-sharing startup ofo in the Muslim Quarter of Xi’an, China.

    The World Bank raised its economic growth forecasts for developing East Asia and Pacific for this year and 2018

  • SINGAPORE, Oct 4- The World Bank raised its economic growth forecasts for developing East Asia and Pacific for this year and 2018, but added that the generally positive outlook was clouded by risks such as rising trade protectionism and geopolitical tensions. Latest GDP growth projections, percent:. China 6.7 6.7 6.4 Indonesia 5.0 5.1 5.3 Malaysia 4.2 5.2 5.0...

  • *World Bank raises China growth view to 6.7 pct in 2017 vs 6.5. SINGAPORE, Oct 4- The World Bank raised its economic growth forecasts for developing East Asia and Pacific for this year and 2018, but added the generally positive outlook was clouded by risks such as rising trade protectionism and geopolitical tensions. "The economic outlook for the region remains...

  • ABUJA, Oct 3- Nigeria will issue at least a $2.5 billion Eurobond this year and is still in talks with the World Bank for concessionary loans, the head of the Debt Management Office told Reuters on Tuesday in an interview. Patience Oniha, director general of the Debt Management Office said Nigeria would issue $2.5 billion Eurobond which would take the proportion...

  • A source close to the government told Reuters on Friday the Central Asian nation planned to seek a World Bank budget-support loan of up to $1 billion. The details of our support are being discussed between the government and the World Bank, a World Bank spokesman said on Saturday. Mirziyoyev met World Bank President Jim Yong Kim on Sept.20 when the Uzbek leader...

  • JOHANNESBURG, Sept 19- The World Bank on Tuesday halved its 2017 growth forecast for South Africa after the economy fell into recession earlier this year. But the bank warned any prospect of recovery would "remain fragile" unless South Africa succeeds in becoming more productive. South Africa is well placed in exports markets but we don't see the country's...

  • BEIJING, Sept 12- The world economy is showing positive signs but is still fragile and countries should rely on structural reforms, not quantitative easing, to support growth, Chinese Premier Li Keqiang said on Tuesday. Li, who met with the heads of global bodies, including International Monetary Fund Managing Director Christine Lagarde and World Bank...

  • *World Bank initially aimed for capital increase deal in Oct. TOKYO, Sept 7- The World Bank should not be "bogged down" on a specific date for member countries to boost its capital, a senior executive of the multilateral lender said, suggesting a deal won't be struck before the initial deadline of end-2017. The World Bank has been pushing over the past few years for a...

  • JOHANNESBURG, Aug 17- A New Development Bank set up by the "BRICS" group of emerging economies plans to lend $1.5 billion to South Africa for infrastructure projects over the next eighteen months. The BRICS- Brazil, Russia, India, China and South Africa- agreed to create the infrastructure-focussed lender in July 2014 as an alternative to the World Bank, launching it...

  • Crystallex is seeking to collect on a $1.4 billion award it won via a World Bank arbitration panel in 2016.. The company on Monday asked the United States District Court for the District of Delaware to attach shares in Delaware- based PDV Holding, a PDVSA subsidiary that owns of refining and marketing company Citgo Petroleum. Companies ranging from U.S. oil giant...

  • BANJUL, July 11- The World Bank will provide Gambia with $56 million in budget support to help the West African country's new government address a high deficit and provide basic public services. Despite an influx of foreign donor money after succeeding longtime strongman Yahya Jammeh in January, President Adama Barrow's government is struggling to balance...

  • ABUJA, July 11- Nigeria must not borrow more to fund its budget and should instead raise money it needs by other means, the country's finance minister said on Tuesday, calling into question planned foreign loans of $2 billion from lenders like the World Bank. But plans for lenders like the World Bank and African Development Bank to loan at least $2 billion to...

  • President Donald Trump shared the G20 spotlight on Saturday with his daughter and adviser Ivanka Trump, as she helped launch a loan programme for women and caused a stir by briefly occupying her dad's seat at the table with world leaders. The World Bank used the occasion to launch a public-private loan programme aimed at providing over $1 billion to support...

  • HAMBURG, July 8- The World Bank on Saturday launched a public-private loan program aimed at providing over $1 billion to support women entrepreneurs in developing countries, a project first initiated by U.S. The event put a spotlight on the powerful political role Ivanka Trump plays in the White House, where she has a formal job as an adviser to her father, and has...

  • HAMBURG, July 8- The World Bank on Saturday launched a public-private loan programme aimed at providing over $1 billion to support women entrepreneurs in developing countries, a project first initiated by U.S. The event put a spotlight on the powerful political role Ivanka Trump plays in the White House, where she has a formal job as an adviser to her father, and...

  • *Zimbabwe owes more than $1.75 billion abroad. HARARE, July 7- Zimbabwe is yet to reach a deal with the World Bank and other foreign lenders over clearing arrears and implementing reforms, the International Monetary Fund said, warning that reliance on raising money domestically could further fan inflation. The IMF said in a statement on Friday after a meeting of...

  • *Zimbabwe owes more than $1.75 billion in foreign arrears. HARARE, July 7- Zimbabwe is yet to reach a deal with the World Bank and other foreign lenders over clearing arrears and reforms, the International Monetary Fund said, warning that reliance on central bank finance could fan inflationary pressures. On April 27, Zimbabwean Finance Minister Patrick...

  • **PARIS- French President Emmanuel Macron meets World Bank President Jim Yong Kim at the Elysee Palace- 0900 GMT. **WASHINGTON- Federal Reserve Board Governor Jerome Powell speaks on "The Case for Housing Finance Reform" before the American Enterprise Institute in Washington- 1400 GMT. PARIS- ECB executive board member Peter Praet participates in International...