Lebanon’s grim economic outlook in World Bank’s 2024 report
Based on the World Bank's projections as of 2024, Lebanon's economic situation remains deeply concerning and "high uncertain."...
Tag : World Bank
World Bank targets $10 billion climate aid for MENA by 2025
The World Bank has announced an ambitious plan to escalate climate financing in the Middle East and North Africa (MENA) region, aiming to allocate $10...
World Bank’s revised outlook for East Asia reflects China’s economic hurdles
Amid concerns about China’s economic stability and diminished global demand, the World Bank has revised its growth projections for developing East Asia and the Pacific....
Digital work revolution sees the world’s gig economy expand by 12 percent
A recent World Bank report has revealed that the ‘gig economy‘ comprises an unexpected 12% of the global labor market, surpassing previous estimates. This sector...
India’s vision for development appreciated in World Bank Group meeting
Eleven Executive Directors (EDs) of the World Bank Group, representing 95 countries, convened with Union Finance Minister Nirmala Sitharaman in New Delhi on Thursday. During...
World Bank predicts 4.8 percent expansion in UAE’s non-oil sector in 2023
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...
Global education targets hindered by $97 billion funding gap, UNESCO reports
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....
World Bank and IMF leaders to discuss global economic challenges at 2023 spring meetings
World Bank Group President David Malpass and IMF Managing Director Kristalina Georgieva will launch the 2023 Spring Meetings in Washington, D.C. with a discussion on...
US nominates former Mastercard CEO, Ajay Banga, to lead World Bank
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....
World Bank to give Turkey $1.78 billion in earthquake aid funds
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...