Browsing: World Bank

The World Bank Group hosted the second Global Digital Summit in Washington, D.C., bringing together leaders from the public and private sectors to accelerate digital transformation and bridge the global digital divide. The event underscored the urgency of expanding access

Concerns over the United States’ commitment to global financial institutions are intensifying following U.S. Treasury Secretary Scott Bessent’s absence at recent G20 meetings. His no-show has fueled speculation about a potential U.S. retreat from the International Monetary Fund (IMF) and

The World Bank has reaffirmed its confidence in India’s economic potential, emphasizing that the country remains a key investment destination despite minor fluctuations in its growth trajectory. Speaking at the Advantage Assam 2.0 Business Summit, World Bank Country Director Auguste

The OPEC Fund for International Development (OPEC Fund) has formalized its first collaboration with Montenegro, signing a €50 million loan agreement to bolster the nation’s fiscal stability and green transition. The agreement, announced on December 18, 2024, marks a significant

MENA Newswire News Desk: The United Arab Emirates (UAE) is projected to see its Gross Domestic Product (GDP) grow by 3.3 percent in 2024 and rise to 4.1 percent in 2025, according to the latest semi-annual Middle East and North

MENA Newswire News Desk: The World Health Organisation (WHO) has issued a stark warning about emerging global threats, highlighting that the risk of pandemics is growing. A report released today by the Global Preparedness Monitoring Board (GPMB), a joint initiative supported

The World Bank has released its projection stating that the United Arab Emirates (UAE) is expected to experience a robust growth of 4.8% in its non-oil sector in 2023, contributing to an overall GDP growth of 2.8%. This growth is

A recent UNESCO report has revealed that a $97 billion funding shortfall is standing in the way of countries reaching their 2030 national education targets. The study, titled “Can countries afford their national SDG4 benchmarks?” was prepared by the Global

US President Joe Biden nominated former Mastercard CEO Ajay Banga to lead the World Bank, crediting his experience with global challenges such as climate change. David Malpass, a Trump appointee, announced last week that he would step down in June

Turkey will receive $1.78 billion in relief and recovery financing from the World Bank. This is as it deals with the aftermath of an earthquake that killed over 20,000 people and left hundreds of thousands homeless. Ankara will receive $780