World Bank
Recent News About World Bank
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The World Bank's 2023 Annual Meetings
The World Bank announced the key points from its Annual Meetings in 2023, where they introduced a fresh development vision and playbook. During these meetings, the Bank also demonstrated the substantial advancements made since initiating its transformation process a year ago according to a press release by the World Bank.
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'Addressing uneven development and opportunities': Solomon Islands receive funding from World Bank amid China concerns
The Solomon Islands recently received $130 million in new funding from the world bank to assist with infrastructure in the island nation following concerns of heightened tensions in the region following a pact with China.
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World Bank: Global growth will be slow through 2023
Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic Prospects report.
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Low-income country debt rises to record $860 billion in 2020
Debt reduction, restructuring, and transparency needed to help low- income countries overcome debt challenges
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World Bank Online: Low-Income Country Debt Rises to Record $860 Billion in 2020
Debt reduction, restructuring, and transparency needed to help low- income countries overcome debt challenges
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IMF director Georgieva disputes allegations of manipulation
International Monetary Fund chief Kristalina Georgieva faces allegations that she manipulated the Doing Business Report of 2018 while in a previous role at the World Bank.
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World Bank projects nearly a quarter billion will be forced into 'climate-driven migration'
A recent World Bank report revealed that an estimated 216 million individuals may eventually have to relocate amid climate change-related concerns.
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Taliban's opium-trade resources remain intact: 'We've stood by on the sidelines'
The Biden administration freezes funding to Afghanistan while the militant Taliban still retains access to opium trade dollars. China could potentially profit from recognition of Taliban as the official governing force.