World Bank

The World Bank is seeking to vastly expand its lending capacity to address climate change and other global crises and will negotiate with shareholders ahead of April meetings on proposals that include a capital increase and new lending…
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The World Bank said on Monday it had disbursed an additional US$500 million (S$711 million) to help Ukraine meet urgent spending needs created by Russia’s Feb 24 invasion and the ongoing war. The financing by the International Bank for…
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Former US vice-president Al Gore on Tuesday called for an overhaul of the World Bank's leadership, lamenting that the institution is not doing enough to finance clean-energy projects in poor nations. "We have to take the top layers of…
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The World Bank has put four projects in Afghanistan worth $600 million on hold amid concerns over a decision by the country’s ruling Islamist leaders to ban girls from returning to public high schools, the bank said. The projects, to be…
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World Bank President David Malpass stressed that the impact of sanctions on global gross domestic product will be more severe than the impact of the situation in Ukraine on this output. Malpass said in a speech during a conference…
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The Economist magazine on Thursday called for International Monetary Fund (IMF) Managing Director Kristalina Georgieva to resign over her role in a China-related data-rigging scandal while at the World Bank, saying it has undermined the…
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The International Finance Corporation (IFC) will provide up to $75 million in debt financing to a Yemeni food company as the war-torn country struggles with a growing hunger crisis and aid funding shortage, it said on Tuesday. The IFC,…
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The World Bank approved a $246 million loan to Lebanon to provide emergency cash assistance to nearly 800,000 Lebanese reeling under the country’s compounded economic and health crises. The World Bank said in a statement late Tuesday the…
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The former head of the World Bank has warned the world could look like it did in 1900 if countries don’t work together to tackle the current crisis. Robert Zoellick pointed to the rift between the US and China as a serious threat to the…
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