Tag:world bank
News
Saint Lucia continue to witness economic growth in 2024
Saint Lucia is projected to witness growth in its economic sector in the year 2024. The information has been released by global financial monitoring agencies like the World Bank, ECLAC and the International Monetary Fund.
US and Canada
President Biden nominates Indian-born Ajay Banga as World Bank president
Ajay Banga, an Indian American and the former CEO of Mastercard, was nominated by US President Joe Biden on Thursday to manage the World Bank. Statement of Biden noted that Ajay is particularly prepared to lead the World Bank at this important historical moment
Asia
Despite international setbacks, China failed to achieve expected growth rate
According to the most recent Global Economic Prospects report from the World Bank, China is unlikely to achieve its projected GDP growth rate despite numerous domestic and international setbacks brought on by its zero-Covid policy and aggression
World
World Bank: Russia’s invasion of Ukraine is obstructing post-pandemic economic recovery in Europe and Central Asia
The world bank recently released the latest economic report in which they mentioned that the ongoing conflict in Ukraine had obscured hopes for post-pandemic economic recovery for rising and developing economies in Europe and Central Asia
Bulgaria
PM Petkov held meet with World Bank officials
The topic of discussion during the meeting included - decreasing inequalities by means of strategies to improve healthcare, social services and education.
Bulgaria
World Bank commends Bulgarian govt for its efforts in supporting Ukraine
The President of the World Bank further reaffirmed the organisations Group's commitment to a strong partnership with Bulgaria.
News
World Bank predicts 45% shrink in Ukraine’s economy and 11% for Russia in 2022
As per the recent predictions by World Bank, the Ukrainian economy will be collapsed by 45% in the ongoing year.
Latest news
Critical Water Shortages Plague Bulgaria’s Pleven Amid Drought and Delays
The immediate response plan centers on upgrading the "Bivolare" pumping station by replacing outdated pipes that have contributed to water loss. Despite efforts to modernize the pumping station, water loss due to aging infrastructure remains a pervasive issue
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Bulgaria Increases Interior, Defense Budgets Citing Migration Pressures Despite Decline
The decision, announced by the government press service, is intended to support the two ministries in managing heightened “migration pressure” anticipated from June 1 through October 31. However, recent data has led some to question the necessity of the funding increase
Bulgarian Taxi Drivers to Stage Nationwide Protest Over Steep Insurance Hike
Organized as a coordinated, countrywide demonstration, drivers aim to draw attention to what they are calling an unsustainable rise in insurance premiums, which they say have soared tenfold without warning
Must read
Dominica: New projects unveiled at the 2024/2025 budget session
Finance Minister Irving McIntyre revealed a big budget for several projects to be undertaken the coming fiscal year.
Dominica budget 2024/2025 scheduled today: $1.4 B expected allocation
The new budget for Dominica is expected to have a $1.4 Billion expenditure. The final budget address is set to take place today.