"World Bank"

Emerging market and developing nations will continue to struggle with the Covid-19 pandemic and its aftermath even as a few major economies spur the strongest post-recession global growth in 80 years, the World Bank said.

WASHINGTON - World Bank President David Malpass said Monday he expects G20 countries this week to extend debt payment moratorium for the poorest countries until the end of the year.

South Asia's prospect for an economic rebound is firming up as the area's growth is set to increase by 7.2 per cent in 2021 and 4.4 per cent in 2022, World Bank said in its twice-a-year-regional update today.

Less than a quarter of plastics available for recycling in Thailand, Malaysia and the Philippines are being recycled into valuable materials, a recent study found.

Thailand’s economy has been severely impacted by Covid-19 and is estimated to have shrunk by 6.5 per cent in 2020, with growth projected to expand by 4.0 per cent in 2021, according to the latest World Bank Thailand Economic Monitor report “Restoring Incomes, Recovering Jobs” released on Wednesday.

China's economy is expected to expand by 7.9 percent in 2021, nearly double the global growth rate predicted for the year, the World Bank said in its forecast on Tuesday.

The World Bank projected that China's GDP growth will return to its pre-pandemic level by 2021, to accelerate to 7.9 percent next year from 2 percent in 2020, in response to improved consumer and business confidence and better labor market conditions, according to a report published on Wednesday.

The Environment and Forestry Ministry and the World Bank signed a deal on Friday on the Forest Carbon Partnership Facility (FCPF), which provides an additional opportunity for the government to receive payments in exchange for reducing carbon emissions.

World Bank, in one of its reports, projects that Bangladesh will see increased remittance flow and secure eighth position in the world in terms of it in 2020.

The World Bank expects Thailand's gross domestic product (GDP) to contract 8.3 per cent this year, more than the earlier estimate of minus 5 per cent.

WASHINGTON - Poverty in East Asia and the Pacific could increase this year for the first time in 20 years as the coronavirus pandemic keeps people in poverty and creates a class of new poor, the World Bank said on Tuesday (Sept 29).

Thailand was named the best country to start a business for a second year by US News, Wuttikrai Leeveeraphan, director-general of the Commerce Ministry’s Business Development Department, said on Tuesday (August 25).