World Bank

World Bank warns of slowing global growth, widening inequality
In its latest outlook, the bank again raises alarm over growing levels of inequality both within and between nations.
Published On 11 Jan 2022
World Bank is working to free up $500M in Afghanistan aid: Report
Board members on Tuesday will discuss moving $500m from a frozen aid fund to humanitarian agencies, Reuters reports.
Published On 29 Nov 2021
Money foreign workers send to home countries to set new record
The jump in remittances is fuelled by transfers to Latin America and migrants headed for the US, the World Bank said.
Published On 17 Nov 2021
OPINION,
Regional Integration in the MENA region: A call for action
The benefits of regional integration include growth spillovers, larger markets, and production scale economies.
opinion by David R Malpass
Published On 28 Oct 2021

The World Bank has turned down a request made by IMF chief Kristalina Georgieva to defend her name, Reuters reports.

US Treasury Secretary Janet Yellen warned she will monitor any new facts and called for IMF to reinforce data integrity.

Investigation finds the institution succumbed to pressure to knock some countries, boost others in its annual reports.

The report puts Georgieva at risk of having her authority undermined weeks before a meeting of global finance chiefs.

A review by external advisers found a ‘pattern of government efforts to interfere’ in the Doing Business rankings.

Data on China changed to boost its ranking in Bank’s 2018 and 2020 ‘Doing Business’ reports

World Bank warns ‘climate migrants’ will be in the tens of millions in three decades even if urgent action is taken.

UNDP says drought, COVID-19 pandemic and political upheaval could cause Afghanistan’s poverty rate to reach 97 percent.

The money-transfer firm suspended services in Afghanistan two weeks ago after the Taliban captured Kabul.

Central American countries may adopt Bitcoin if the cryptcocurrency cuts costs substantially for El Salvador.

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