The World Bank
Recent News About The World Bank
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World Bank supports Egypt's ambitious targets for private sector-led economic growth
Egypt's private sector plays a crucial role in the nation's economic growth amid evolving global and domestic conditions.
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World Bank approves $250 million for Türkiye's agriculture recovery after earthquakes
The World Bank has approved a $250 million financing package for Türkiye to aid the recovery of its agriculture sector in regions affected by the February 2023 earthquakes.
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Myanmar faces economic contraction amid crises
YANGON, December 11, 2024 — Myanmar's economy is facing significant challenges due to natural disasters, ongoing conflict, and shortages of basic commodities.
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World Bank supports healthcare initiatives in Latin America amid ongoing challenges
Visiting the doctor in Latin America and the Caribbean often involves more than just personal fears.
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Somali women's business growth supported by access to finance
Rima Abdukadir Ahmed, an entrepreneur from Mogadishu, has been able to expand her sesame oil business thanks to a loan from Premier Bank.
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World Bank launches immersion program for young economists in Pakistan
The World Bank Office in Pakistan has announced a new opportunity for young economists through an online contest.
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World Bank approves $240M for Karachi's second phase WASH improvement project
The World Bank has approved $240 million in financing for the Second Karachi Water and Sewerage Services Improvement Project (KWSSIP-2).
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Kenya's GDP growth forecast slows; reforms needed for sustainable progress
Kenya's economic growth is expected to slow down in 2024, with GDP projected to grow at 4.7%, a decrease from 5.6% in 2023, according to the latest Kenya Economic Update released today.
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World Bank reports deepening economic crisis in Lebanon amid ongoing conflict
Lebanon's economy has faced a significant setback, with real GDP growth declining by an estimated 6.6% in 2024 due to ongoing conflict.
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Pan-Arab Electricity Market moves forward with new agreements signed
The Pan Arab Electricity Market (PAEM) is moving forward with its initiative to integrate the power systems of Arab countries.
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Lebanon Economic Monitor reports on escalating economic challenges
The Fall 2024 edition of the Lebanon Economic Monitor (LEM) has been released, titled "Mounting Burdens on a Crisis-Ridden Country."
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World Bank offers strategies to bolster Mongolia's financial stability
Two reports released by the World Bank highlight recommendations to enhance Mongolia's financial and private sectors.
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Philippines' economy set for robust growth despite challenges
The Philippines is expected to maintain strong economic growth amid global geopolitical tensions, according to the latest Philippines Economic Update (PEU) from the World Bank.
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World Bank report highlights ongoing poverty issues in resource-rich South Sudan
A recent report by the World Bank reveals that poverty remains a significant issue in South Sudan despite its abundant resources.
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El Salvador aims at reducing poverty through strategic economic reforms
El Salvador is presented with a significant opportunity to further reduce poverty levels, despite having made notable progress over the past two decades.
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World Bank approves $200 million funding for development reforms in Togo
The World Bank has approved $200 million in financing from the International Development Association (IDA) to support policy reforms in Togo.
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World Bank’s Global Road Safety Facility receives prestigious award
The World Bank's Global Road Safety Facility (GRSF) has been recognized with the Prince Michael International Road Safety Award for its significant contributions to road safety over the past ten years.
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Croatia's Subnational B-READY report reveals local business climate insights
The Subnational Business Ready (Subnational B-READY) report for Croatia 2024 was presented in Zagreb, offering a detailed analysis of local business climates.
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World Bank supports Ukraine's healthcare with $454 million THRIVE project
The World Bank has announced a $454 million support package for Ukraine's health sector through the Transforming Healthcare through Reform and Investments in Efficiency (THRIVE) project.
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Report emphasizes growing impact of services sector in East Asia
The recent report "Services Unbound: Digital Technologies and Policy Reform in East Asia and the Pacific" sheds light on the evolving role of services in the region's economic landscape.