×

International Organizations World Bank

  • CARACAS, March 27- A U.S. court has upheld an award by a World Bank Tribunal that orders Venezuela to pay more than $1 billion to Canadian mining company Crystallex, paving the way for the firm to seize assets for the 2008 expropriation of the Las Cristinas gold project. The tribunal known as the International Centre for Settlement of Investment Disputes last year...

  • ABUJA, March 24- The World Bank said on Friday it has approved a $200 million loan to Nigeria to support the government's effort to boost small and mid-scale farmers. Nigeria slipped into its first recession in 25 years last year, brought on by low prices for its mainstay, crude oil. Nigeria spends $20 billion a year importing food.

  • President Donald Trump speaks during a meeting with the Congressional Black Caucus Executive Committee in the Cabinet Room at the White House March 22, 2017 in Washington, DC.

    An Asian Development Bank vice president, Stephen Groff, tells CNBC the multilateral lender is not 'hyperventilating' over President Donald Trump.

  • TORONTO, March 21- Canada's main stock index barely rose on Tuesday as some heavyweight banking stocks and miners notched gains and Ivanhoe Mines Ltd jumped after announcing a copper deposit discovery. The world's largest gold producer said a World Bank arbitration tribunal had ruled in favor of it and joint venture partner Antofagasta plc over a copper...

  • BEIJING, March 21- The World Bank's newly appointed chief executive gave a spirited defence of globalisation during her first official visit to China, saying it had helped richer and poorer countries, and economic integration made it hard for any nation to walk away. Kristalina Georgieva, a Bulgarian who took up her post at the multilateral development lender...

  • BEIJING, March 21- The World Bank's newly appointed chief executive gave a spirited defense of globalization during her first official visit to China, saying it had helped richer and poorer countries, and economic integration made it hard for any nation to walk away. Kristalina Georgieva, a Bulgarian who took up her post at the multilateral development lender...

  • Open economies create benefits for all: World Bank CEO

    Kristalina Georgieva, CEO of the World Bank, says the few who oppose globalization are louder than the many who support open trade.

  • An employee walks outside the World Bank headquarters in Washington, United States.

    The global economy has not recovered the growth trajectory it had before and globalization is the booster the the world, and U.S., needs, World Bank says.

  • WORLD BANK DISBURSES SECOND $1 BILLION TRENCH TO EGYPT FROM $3 BILLION LOAN PROGRAM- STATEMENT.

  • CARACAS, March 9- A World Bank tribunal's order for Venezuela to pay $1.4 billion in damages to Exxon Mobil Corp over nationalizations has been annulled, a lawyer for the Venezuelan government said on Thursday. Venezuela had challenged the 2014 award with various arguments, including that a previous decision from Paris- based International Chamber of...

  • CARACAS, March 9- A World Bank tribunal's order for Venezuela to pay $1.4 billion in damages to Exxon Mobil Corp over nationalizations has been annulled, a lawyer for the Venezuelan government said on Thursday. Venezuela had challenged the 2014 award with various arguments, including that a previous decision from Paris- based International Chamber of...

  • TEGUCIGALPA, March 8- Supporters of a lawsuit filed in the United States on Wednesday against a unit of the World Bank alleging complicity in deadly land disputes in Honduras said they hope the litigation will help recover lost territory. The lawsuit was filed by Earth Rights International against the International Finance Corporation, a member of the World...

  • *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.

  • 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.