World Bank Mobilized Record Support for Africa’s Economic Growth and Development Prospects in FY 13
The World Bank Group committed a record US$14.7 billion in fiscal year 2013 (July 2012 to June 2013) to support economic growth and better development prospects in Africa despite uncertain economic conditions in the rest of the global economy.
Ecuador: Metro Project Will Carry 400,000 People a Day in Quito
Four hundred thousand people will be carried daily by the Quito Metro, once the first subway line in this South American city is operational. To make this project viable, the Executive Board of the World Bank approved a loan of US$205 million to the...
Obama Puts Economic Focus on Middle Class
World Bank Group Announces Settlement with Sinclair Knight Merz Management Pty Ltd, Sinclair Knight Merz Holdings Ltd and Sinclair Knight Merz Pty
The World Bank announced the sanctioning of Sinclair Knight Merz Pty (SKM), following the company’s self-reporting to the World Bank’s Integrity Vice Presidency (INT) of corrupt misconduct relating to Bank-financed projects in the East Asia and...
World Bank Group Backs Latin America and the Caribbean’s Steady Poverty Reduction and Middle Class Growth
The World Bank Group (WBG) committed $11.8 billion in fiscal year 2013 (July 2012 to June 2013) to support Latin America and the Caribbean resilience in the midst of global turmoil.
OECD welcomes Chile’s plan to improve Consumer Price Index
The OECD welcomes Chile’s plan to improve the way it calculates the Consumer Price Index (CPI). The plan focuses primarily on proposals by the Chilean Statistical Office (INE) to better capture price changes for clothes and footwear, to ensure that...
World Bank to Help Kenya Build a National Safety Net to Reach 3.3 Million Poor People by 2017
The World Bank’s Board of Executive Directors has approved a zero-interest credit of $250 million to help Kenya fight extreme poverty by setting up a potentially transformational national social safety net program. The safety net, which will knit...
Vietnam-US Talks to Cover Trade, Human Rights, China
President Truong Tan Sang will become the second Vietnamese head of state to visit the White House since the two countries normalized relations nearly 20 years ago. The talks are expected to cover the two countries’ increasing trade, Hanoi’s relations...
In Fight to Improve Lives of the World’s Poor, World Bank Group Delivers Nearly $53 Billion in Support to Developing Countries in FY13
The World Bank Group committed $52.6 billion in loans, grants, equity investments, and guarantees to help promote economic growth, increase shared prosperity, and fight extreme poverty in developing countries during fiscal year 2013, which ended on...
Government of Nepal and World Bank Hold Trimester Portfolio Review
The Government of Nepal and the World Bank held a joint portfolio review to assess the performance of development projects assisted by the World Bank in Nepal. The meeting was co-chaired by Finance Secretary Mr. Shanta Raj Subedi and World Bank...
