Finance & Economics

International trade statistics: trends in third quarter 2020

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World Bank Signs $120 Million Project to Improve Connectivity in Meghalaya, India

The Government of India, the Government of Meghalaya and the World Bank signed a $120-million project to improve and modernize the transport sector of Meghalaya, a hill state located in the north east of India, on November 19. This will help...

World Bank Expands Support for Basic Service Delivery to Rohingya and Local Communities in Cox’s Bazar

The government of Bangladesh signed a $100 million grant financing agreement with the World Bank to scale up access to energy, water, sanitation services and disaster-resilient infrastructures for the Rohingya and the surrounding host communities, on...

IMF Executive Board Completes the Sixth Review Under the Extended Credit Facility Arrangement for Niger and Approves a US$19.9 Million Disbursement

On October 26, 2020, the Executive Board of the International Monetary Fund (IMF) completed the sixth and final review of Niger’s economic and financial program supported under the Extended Credit Facility (ECF) framework. The completion of the review...

Global foreign direct investment halved amid pandemic, but China remained resilient

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Major infrastructure projects like this dam on the Nura River in Kazakhstan often require...

Collapsing consumer demand amid lockdowns cripple Asia-Pacific garment industry

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Women at work in a garment factory in Hai Phong, Viet Nam.

Lao PDR: Poverty Continues to Decline but Progress under Threat

Lao PDR has made remarkable progress in reducing poverty over the past 25 years, with the proportion of the population living in poverty falling by more than half, from 46 percent in 1993 to 18 percent in 2019. The finding comes from two reports just...

Asian Markets Rise Wednesday as US Stimulus Bill Talks Continue

Asian markets rose Wednesday with renewed hopes that the Trump administration and House Democrats were close to a deal on a new coronavirus relief measure.

MENA: Trade and Regional Integration are Critical to Economic Recovery in the Post-Covid Era

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 to the World Bank’s...

1 in 6 children lives in extreme poverty, World Bank-UNICEF analysis shows

An estimated 1 in 6 children – or 356 million globally – lived in extreme poverty before the pandemic, and this is set to worsen significantly, according to a new World Bank Group-UNICEF analysis released on October 20.