The global financial architecture must be reconfigured completely to reflect the needs and participation of countries in the Global South, many of which were under the yoke of colonialism at the time the current order was fashioned, Her Excellency Prime Minister Mia Amor Mottley of Barbados has argu…
IFC Appoints Madalo Minofu as Country Manager for Ethiopia, Malawi and Zambia IFC Press Releases
The agricultural and cereal price indices remained stable over the past two weeks and are currently one percentage higher compared to two weeks ago, said the Food Security Update of the World Bank.
An agreement signed by both parties enables them to deepen their “understanding of the practicalities of implementing a CBDC in Eswatini.”
In collaboration with the French Development Agency, AFD (co-financier of ACE-Impact), the French National Research Institute for Sustainable Development, IRD (partner), and the Association of African Universities, AAU (ACE-Impact Regional Facilitation Unit), the World Bank is organizing a two-day h…
Panel aims to achieve international co-operation on issues related to economic development of developing countries
World Bank identifies nine troubled projects where loans may be cancelled
The latest Tweet by Prasar Bharati News Services states, ‘Union Finance Minister @nsitharaman met President World Bank Group @DavidMalpassWBG today, in Washington DC.’ ? Union Finance Minister @nsitharaman Met President World Bank Group @DavidMalpassWBG Today, ... - Latest Tweet by Prasar Bharati N…
Zambia’s finance minister said on Saturday it is still unclear who will be leading talks for renegotiating its nearly $6 billion debt with China, the largest bilateral creditor of the first African sovereign default in 2020 after the COVID-19 pandemic hit.
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Speaking at an intervention of the World Bank Development Committee’s meeting on Friday, finance minister Nirmala Sitharaman said that subsidies have made a definitive contribution in improving India’s performance on several key parameters of Sustainable Development Goals (SDG)
Dar, Sadiq secure bank’s support for flood relief efforts; IMF assures Pakistan of continuous support.
Mohamed Hadi Al Hussaini is heading the UAE delegation participating in the ongoing IMF and World Bank Group Annual Meetings and G20 meetings
The countries want their collective $685 billion in debts forgiven so the money can be invested in climate projects.
Kristaline Georgieva said that the world economy “has been hit by one shock after another″ — the coronavirus pandemic, Russia’s invasion of Ukraine and a resurgence of inflation.
As part of its efforts to advance the fight against fraud and corruption in the development projects it finances, the World Bank has said that it sanctioned 35 firms and individuals in fiscal year 2022. The bank, which stated this in a statement announcing the release of its “Sanctions System Annual…
What are the challenges and solutions to financing global public goods? What role can private capital play in the climate transition? Join the discussion on October 13 to find out.
In collaboration with the French Development Agency, AFD (co-financier of ACE-Impact), the French National Research Institute for Sustainable Development, IRD (partner), and the Association of African Universities, AAU (ACE-Impact Regional Facilitation Unit), the World Bank is organizing a two-day h…
The impacts of climate change threaten China’s densely populated and economically critical low-lying coastal cities, which are home to an estimated one-fifth of
Tobias Adrian told CNBC the market sell-off had been driven by higher interest rates so far, but a collapse in sentiment could see equities tumble.