Tag: World Bank
World Bank appoints new CEO to its private sector arm IFC
The international financial institution World Bank has named Makhtar Diop as the new managing director of its private sector arm, the International Finance Corp...
Global economy to grow by 4% in 2021; World Bank
The latest semi-annual forecast from the World Bank expects the global economy to grow by 4 percent while the body warns that rising COVID-19...
World turns to carbon pricing to curb emissions and save the...
Some of the world's largest economies are putting a price on pollution as they struggle to fulfill grand promises to control planet-warming emissions.
Things are...
World Bank should focus on poorer nations; Development Committee
By June 2021, the World Bank should step forward its efforts to include $160 billion in coronavirus assistance and to consider potential emergency funding...
G20 agrees to debt relief extension for poor countries
The financial leaders from the biggest economies, Group 20 (G20) have pledged to extend debt relief for the world's poorest countries and continue to...
World Bank approves $12bn for COVID-19 vaccines in developing countries
The international financial institution World Bank has announced $12 billion to support the purchase and distribution of COVID-19 vaccines, tests and treatment in developing...
UN warns against fossil fuel investments as World Bank face criticism
The United Nations (UN) Secretary-General Antonio Guterres urged development banks to avoid backing fossil fuel enterprises.
The call comes after a study found that after...
$12bn COVID vaccine fund for poor nations in consideration at the...
World Bank President David Malpass is seeking board approval for a $12 billion coronavirus vaccine funding scheme to aid poor and developing countries to...
