Turkey: Challenging times call for pushing ahead with economic reform
China: $150 Million for Urban Development in Fast-Growing Ningbo
The World Bank’s Board of Executive Directors approved $150 million in financing for a $317.5 million project supporting urban development, urban transport and climate change resilience in China’s Ningbo Municipality, one of the nation’s fastest-...
IMF Executive Board Concludes 2016 Article IV Consultation with Peru
On June 20, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Peru, and considered and endorsed the staff appraisal without a meeting.
First Half of 2016 in Turkey Sees Slower GDP Growth than 2015, Says World Bank
Despite a pick-up in domestic consumption, GDP growth slowed in Q1 because of slower inventory build-up, according to the July edition of the World Bank’s Turkey Regular Economic Brief, issued on 15 July in Ankara. The seasonally and working day...
First Half of 2016 in Turkey Sees Slower GDP Growth than 2015, Says World Bank
Despite a pick-up in domestic consumption, GDP growth slowed in Q1 because of slower inventory build-up, according to the July edition of the World Bank’s Turkey Regular Economic Brief, issued in Ankara, on 14 July. The seasonally and working day...
World Bank Group Launches Partnership Framework to Scale up Services and Expand Economic Opportunities in Lebanon
The World Bank Group (WBG) has rolled out a new six-year program for its engagement in Lebanon, underlining the need to support the country as it grapples with a myriad of political and socio-economic hardships largely linked to regional turmoil. The...
New World Bank Group Program to Help Jordan Weather External Shocks
The World Bank Group (WBG) has unveiled an ambitious program to help Jordan implement its long term development agenda in an uncertain and conflict prone regional environment. The Country Partnership Framework (CPF) charts a development strategy for...
PROJECT SIGNING: Lao PDR will Further Improve Rural Roads, Water Systems and Agriculture Livelihoods of Rural Poor, with New World Bank Support
The Ministry of Finance Wednesday signed a $30 million agreement with the World Bank aimed at continuing to finance Lao PDR’s Poverty Reduction Fund (PRF). The signing was witnessed by H.E. Mr. Somdy Douangdy, Deputy Prime Minister and Minister of...
IMF Executive Board Concludes 2016 Article IV Consultation with the Russian Federation
On June 29, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Russian Federation.
The Russian economy contracted by 3.7 percent in 2015 due to falling oil prices and the quasi...
Myanmar to Receive US$200 Million in Financing for Post-Disaster Recovery and Reconstruction
Communities hit hard by the floods and landslides that devastated areas of Myanmar in 2015 will receive assistance for resilient road reconstruction, livelihoods support, and recovery of the agriculture sector as part of the Flood and Landslide...
