Finance & Economics

Share on Twitter Share via Email Print this page Africa Suez Canal Backup Could Clear in About 4 Days

Officials said Tuesday the backlog of ships trying to pass through the Suez Canal could take about four days to work through, following nearly a week in which the vital waterway was blocked by a massive container ship.

Recovery Offers Chance to Build Back Better in Latin America and the Caribbean

Latin America and the Caribbean (LAC) suffered more health and economic damage from the COVID 19 pandemic than any other region, although there is potential for significant transformation in key sectors as the region begins to rebound, according to a...

New World Bank Financing Supports Ethiopia’s Goal of Universal Electricity Access by 2025

The World Bank on March 29, approved a $500 million International Development Association (IDA) credit to support Ethiopia’s goal of achieving universal electricity access by 2025.

Austria: EIB Group cooperates with Raiffeisen-Leasing Group to support SMEs and Mid-Caps in response to the Covid-19 pandemic

*EIB Group to provide EUR 200m of funding to Raiffeisen- Leasing Group through a EUR 538m securitisation transaction
*EIB group’s investment expects to mobilise total fresh investment of up to EUR 560m by Raiffeisen-Leasing

Sudan Clears Arrears, Gains Access to $2 Billion in New World Bank Financing

The Republic of Sudan has cleared its arrears to the International Development Association (IDA), enabling its full re-engagement with the World Bank Group after nearly three decades, and paving the way for the country to access nearly $2 billion in...

World Bank Helps Bangladesh Create Inclusive and Quality Jobs and Recover from the COVID-19 Pandemic

The World Bank’s Board of Executive Directors on March 26 approved a $250 million credit from the International Development Association (IDA) to help Bangladesh create more, better, and inclusive jobs and protect more than 5 million jobs as part of...

Vietnam: AU$740,000-Grant to Close Gender Data Gaps

The World Bank has signed an AU$740,000 grant with the State Bank of Vietnam through the Second Australia-World Bank Group Strategic Partnership to support the implementation of a nationwide time-use survey that aims to help close data gaps in gender...

Massive Container Ship Runs Aground, Blocks Traffic in Suez Canal

Operators of a 400-meter cargo ship say their vessel lost power and ran aground sideways in the Suez Canal, blocking a crucial waterway that is responsible for up to 12 percent of the world’s total trade. The waterway links Europe and Asia.

Stronger Data Systems Needed to Fight Poverty

The World Bank is calling for strengthened national data systems in order to realize the full potential of the data revolution to transform the lives of poor people.

Better Managing Plastic Waste Could Combat Marine Pollution and Unlock Billions of Dollars for a Circular Economy: Southeast Asia

A series of World Bank Group studies launched today examine the untapped economic opportunities to promote plastic circularity and address marine debris in Malaysia, the Philippines and Thailand. Using a plastic value chain approach, the studies...