"World Bank"

The World Bank has ruled out bridging finance or new loan commitments to crisis-hit Sri Lanka until the nation’s economy sets up an adequate macroeconomic policy framework.

India has suggested to the IMF and World Bank to temporarily give Sri Lanka – grappling with its worst financial crisis – the tag of a lower-income country to help the island nation restructure its debt.

Ukrainian President Volodymyr Zelenskiy on Thursday (April 21) told participants in World Bank/IMF meetings that Ukraine needs $7 billion per month to make up for economic losses caused by Russia's invasion of his country.

The World Bank on Wednesday said the South Asian region was now more vulnerable to risks from the volatile external environment due to the impacts of the Ukraine war and persistent economic challenges with slower growth.

HÀ NỘI — Việt Nam is expected to register the highest trade and income gains among Regional Comprehensive Economic (RCEP) members, according to a World Bank (WB)’s working paper.

HÀ NỘI — Việt Nams target of bringing its GDP growth to 6-6.5 per cent in 2022 as set in the recent session of the National Assembly is entirely possible if it can effectively control COVID-19, and improve the supply – demand balance, an official of the World Bank (WB) has said.

KUALA LUMPUR: The government should continue its existing income relief measures to target groups for at least another six months to maintain financial support for the poor and vulnerable group in the near term, said the World Bank Group.

PENANG has secured a US$10mil (RM41.4mil) adaptation fund from the World Bank for projects to address climate change which has caused floods and rising temperature.

The World Bank, in a report dated July 26, forecasts that the economy is expected to contract by 18 percent in 2021 Fiscal Year, which will have detrimental implications for the lives, livelihood, poverty, and future growth of the country.

BANGKOK, July 15, 2021 – Thailands economy continues to take a heavy toll due to the COVID-19 pandemic and is projected to expand modestly at 2.2 percent in 2021, revised down from the 3.4 percent growth projected in March, according to the World Banks latest Thailand Economic Monitor "The Road to Recovery" published today.

Chinas GDP growth is projected to reach 8.5 percent on a yearly basis in 2021, thanks to the pent-up demand and strong exports, according to the World Bank, which updated the economic forecasts in its regional economic report on Tuesday.

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.