World Bank- Page 3

World Bank Group Increases Support for Climate Action in Developing Countries

July 22, 2021

World

British Reporter — The World Bank Group today announced its new Climate Change Action Plan that aims to deliver record levels of climate finance to developing countries, reduce emissions, strengthen adaptation, and align financial flows with the goals of the Paris Agreement. The Action Plan for 2021-25 broadens World Bank Group efforts from investing in “green” projects to helping countries

Spreading the Gains from Trade More Widely

British Reporter– Global trade has contributed to growth and poverty reduction in

by British Reporter

May 20, 2021

2 mins read

EdTech Toolkit for Remote Learning

British Reporter — According to World Bank, remote learning can ensure that

by British Reporter

May 6, 2021

2 mins read

World Bank Financing for COVID-19 Vaccine Rollout Reaches $2 Billion

British Reporter — World Bank announced today that it has reached $2

by British Reporter

April 20, 2021

2 mins read

Finance

To promote SMEs recovery IFC announced readiness to invest up to $2 billion pesos in ABL Trust Mexico

The FINANCIAL — The International Finance Corporation (IFC), member of the World Bank Group, announced an initial investment of $300 million pesos (approximately US$15 million equivalent) in ABL Trust Mexico, a trust conformed by MAS Leasing and Jolly Haul, two Mexican leasing

by The FINANCIAL

October 20, 2020

1 min read

Business

IFC and FT announced winners of 2020 FT/IFC Transformational Business Awards

The FINANCIAL — The International Finance Corporation (IFC), a member of the World Bank Group and The Financial Times, have announced the winners of the 2020 FT/IFC Transformational Business Awards, a global programme that highlights ground-breaking, long-term private sector solutions to major development issues. This

by The FINANCIAL

October 20, 2020

2 mins read

WORLD

Trade and Regional Integration are crucial for economic growth in post-coronavirus MENA

The FINANCIAL — Trade and integration — within the Middle East and North Africa (MENA) region and with the rest of the world — will be critical to lowering poverty, empowering the poor, and igniting economic growth in the post-COVID era, according

by The FINANCIAL

October 19, 2020

3 mins read

WORLD

World Bank Issues Sustainable Development Bonds in Scandinavian Currencies

The FINANCIAL — The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced new Norwegian krone- and Swedish krona-denominated Sustainable Development Bonds raising approximately US$ equivalent 550 million while engaging with Scandinavian investors to raise awareness for the importance of

by The FINANCIAL

October 16, 2020

3 mins read

Coronavirus

World Bank approved $12 bln for coronavirus vaccines and tests

The FINANCIAL — The World Bank’s Board of Executive Directors approved an envelope of $12 billion for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests, and treatments for their citizens. The financing, which aims to support vaccination of

by The FINANCIAL

October 15, 2020

1 min read

WORLD

Total external debt of least developed countries climbed to a record $744 bln in 2019

The FINANCIAL — In response to an urgent need for greater debt transparency, the latest edition of the International Debt Statistics (IDS) report provides more detailed and more disaggregated data on external debt than ever before in its nearly 70-year history—including breakdowns

by The FINANCIAL

October 13, 2020

2 mins read

BANKS

HSBC plans to become net zero bank

The FINANCIAL — HSBC announced an ambitious plan to prioritise financing and investment that supports the transition to a net zero global economy, citing a landmark opportunity to build a thriving, resilient future for society and businesses. The bank is committing to

by The FINANCIAL

October 12, 2020

3 mins read

Business

Latin America and Caribbean, the hardest hit region by the pandemic must contain its costs

The FINANCIAL — Latin America and Caribbean is the region hardest hit by the COVID-19 Pandemic, casting a spotlight on the need to protect the population while putting economies back on track. This will require a combination of public health measures and

by The FINANCIAL

October 12, 2020

3 mins read

Health&Beauty

WHO: one stillbirth occurs every 16 seconds

The FINANCIAL — Almost 2 million babies are stillborn every year – or 1 every 16 seconds – according to the first ever joint stillbirth estimates released by UNICEF, WHO, the World Bank Group and the Population Division of the United Nations Department of Economic and Social

by The FINANCIAL

October 8, 2020

3 mins read

Business

Sub-Saharan Africa falling into its first recession in 25 years

The FINANCIAL — Driven by the economic fallout of the COVID-19 global pandemic, growth in Sub-Saharan Africa is predicted to fall to -3.3 percent in 2020, pushing the region into its first recession in 25 years, according to the latest regional economic analysis

by The FINANCIAL

October 8, 2020

2 mins read