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Tag: WORLD BANK

World Bank supports bankrupt Sri Lanka’s private banks
Economy

World Bank supports bankrupt Sri Lanka’s private banks

February 28, 2023

The World Bank lent $400 million to finance imports of important meals and medicines with an International Monetary Fund (IMF) bailout to 3 personal banks

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Massive quakes caused .2B damage to Türkiye: World Bank
Economy

Massive quakes caused $34.2B damage to Türkiye: World Bank

February 27, 2023February 27, 2023

The two main earthquakes which hit Türkiye on Feb. 6 prompted about $34.2 billion in direct bodily injury, however whole reconstruction and restoration prices going

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US nominates ex-Mastercard CEO Ajay Banga to lead World Bank
Business

US nominates ex-Mastercard CEO Ajay Banga to lead World Bank

February 24, 2023

Former Mastercard CEO Ajay Banga has been nominated by the U.S. to steer the World Bank, President Joe Biden introduced on Thursday, crediting him with

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World Bank to provide Türkiye .78B for recovery after quakes
Business

World Bank to provide Türkiye $1.78B for recovery after quakes

February 10, 2023

The World Bank introduced Thursday it will present $1.78 billion in assist to Türkiye to assist with reduction and restoration efforts after large earthquakes hit

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‘Long-lasting slowdown’: Recession looms for global economy in 2023
Economy

‘Long-lasting slowdown’: Recession looms for global economy in 2023

January 11, 2023January 11, 2023

The world economic system is slowing “perilously close” to a recession, the World Bank warned Tuesday, slashing its 2023 international development forecast, because the impression

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‘World Bank seeks more funds to address climate change, other crises’
Economy

‘World Bank seeks more funds to address climate change, other crises’

January 3, 2023January 3, 2023

The World Bank is searching for to vastly broaden its lending capability to handle local weather change and different world crises and can negotiate with

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World Bank grants .69B for funding Pakistan’s flood-hit areas
Economy

World Bank grants $1.69B for funding Pakistan’s flood-hit areas

December 23, 2022December 23, 2022

The World Bank has accredited financing of $1.69 billion for flood aid tasks in Pakistan, learn a press release issued on Monday. “World Bank’s Executive

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