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
Four Charged in €94.5 Million Rail Fraud Case in Bulgaria
The accused include two managers from an Italian company, a Bulgarian manager, and a former director of the National Railway Infrastructure Company (NRIC). Charges include falsifying qualifications to secure a public procurement contract and misuse of EU funds
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Bread Prices in Bulgaria Soar by Over 43% Since 2021 Despite VAT Exemption
This stark finding comes from an analysis by the Institute for Social and Trade Union Research at the Confederation of Independent Trade Unions of Bulgaria (CITUB). The analysis reveals that nearly half of the price increase occurred after the zero VAT exemption was introduced for bread and flour
Bulgaria Braces for Snow in Southern Regions as Cold Snap Intensifies
The Rila-Rhodope massif, Mount Strandzha, and Mount Sakar are expected to see substantial snow accumulations, while other parts of the country will witness varying conditions as cold air continues to grip the region
Must read
18-Year-Old Kalin Uzunov Saves the Cross on Jordan’s Day in Burgas
This year's event, held at the beach near the iconic bridge in Burgas, attracted 56 participants, ranging in age from 16 to 72 years. Kalin, who has been training as a water polo athlete for 12 years, attributed his success to his rigorous training
Orthodox Christians Celebrate Christmas Eve as Julian Calendar Observances Continue
This traditional date remains significant in several countries and communities, including Russia, Serbia, Montenegro, North Macedonia, the Bosnian Serb Republic, Georgia, Belarus, Armenia, and Ethiopia