Finance & Economics

Afghanistan Youth to Receive Skills Boost for Better Jobs

The World Bank Tuesday approved a $55 million grant from the International Development Association (IDA) to assist Afghan youth to advance their skills and competencies as the country expands its work force.

France must do more to boost competitiveness and create jobs

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Philippines: World Bank approves financing for accelerating inclusive growth

The World Bank’s Board of Directors approved Tuesday a new financing program to support the Philippines’ critical reforms for accelerating inclusive growth or growth that creates more jobs and reduces poverty.

Cyprus Rejects Bailout Deal, Bank Tax

The Cypriot parliament has overwhelmingly rejected a bailout plan demanded by international lenders that would have taxed the savings accounts of depositors at the island nation's banks.

World Bank and Marshall Islands launch new strategy to strengthen partnership

The World Bank launched its first Country Partnership Strategy with the Government of the Marshall Islands, beginning its support to strengthen the Pacific Island nation’s economy and reduce poverty. The Bank’s Board of Directors discussed the...

Brazil: better co-ordination needed to support sustained and equitable growth

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Figure 1. Gini index of GDP per capita among sub-national (TL2) regions, 2010 or latest year available.
TL2 regions...

Cyprus Banks to Remain Closed Until Thursday

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Data Enthusiasts Convene at the Bank to Tackle Poverty and Anti-Corruption

Big data was the buzzword over the weekend at the World Bank. More than 150 topic experts, data scientists, civic “hackers,” civil society groups and development practitioners gathered for the DC Big Data Exploration event to analyze data and tackle...

Mixed Messages on Potential US Budget Pact

Republican lawmakers are sending mixed messages about their willingness to compromise with President Barack Obama on the components of a deal to reduce America’s long-term federal deficit.

New World Bank Group Strategy to support economic diversification and private sector development

The World Bank Group (WBG) Board of Directors on last Thursday discussed the Country Partnership Strategy (CPS) for Zambia for the period 2013 -2016. The strategy focuses on promoting diversification and private sector development to help Zambia...