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          World Bank

          News from the global financial institution that provides loans and grants to developing countries, aiming to reduce poverty and foster economic development

          A market in Freetown, Sierra Leone, where food and fuel prices have surged due to Covid-19 and the war in Ukraine. AFP

          World Bank slashes growth forecast for global economy

          EconomyJune 07, 2022
          Only one fifth of women in Jordan work, a situation that must be reversed for the economy to flourish, officials say. Taylor Luck for The National

          Jordan unveils ambitious plan to jump-start economic growth

          JordanJune 06, 2022
          A money vendor counts US banknotes next to Lebanese pounds at a currency exchange in Beirut. Inflation in the country surged to 206 per cent last month. Reuters

          Lebanon needs credible reforms to avoid destruction of economy, World Bank says

          EconomyMay 31, 2022
          A bustling street in Cairo. The Egyptian founder of a pharmaceuticals delivery platform was among entrepreneurs featured in the World Bank report. AP

          Vibrant private sector crucial for boosting Mena’s labour market, World Bank says

          EconomyMay 16, 2022
          The UAE flag displayed on Burj Khalifa. The Central Bank of the UAE, along with other regional central banks, has increased key interest rates following the Fed move. Pawan Singh / The National.

          GCC central banks raise interest rates after US Federal Reserve move to curb inflation

          EconomyMay 05, 2022
          A Palestinian juice seller calls out to customers at a market in Bethlehem in the West Bank. AFP

          Palestinian economy in 'fiscal crisis' with pre-pandemic rebound at end of 2023, IMF says

          EconomyMay 03, 2022
          Cooking oil prices have been rising since the onset of Covid-19 and the Ukraine war has made the situation worse. AP

          World Bank expects food and energy prices to remain elevated until 2024

          EconomyApril 26, 2022
          A resident searches for belongings in an apartment building destroyed during fighting in Borodyanka, Ukraine, on April 5. AP

          Physical damage to Ukraine hits $60bn, says World Bank

          WorldApril 22, 2022
          David Malpass, World Bank president. AFP

          Global food crisis will last for months, World Bank chief says

          EconomyApril 20, 2022
          The IMF slashed its world growth forecast by the most since the early months of the Covid-19 pandemic, and projected even faster inflation, after the Russia-Ukraine war and China's renewed coronavirus lockdowns. Bloomberg

          Governments need 'agile' fiscal policies amid high debt and inflation, IMF says

          EconomyApril 20, 2022
          Lebanon's Economy Minister Amin Salam said a $150 million World Bank loan would keep markets stable for the next six months. AP

          Lebanon close to $150 million World Bank loan, says minister

          LebanonApril 20, 2022
          International Monetary Fund managing director Kristalina Georgieva at the World Government Summit at Dubai Expo 2020 last month. AP

          Advanced economies should increase efforts to boost global recovery

          EconomyApril 19, 2022
          The IMF has revised down the euro area GDP growth in 2022 to 2.8 per cent, 1.1 percentage points lower than in its estimate in January. AFP

          IMF lowers global growth projections as Ukraine war dents economic prospects

          EconomyApril 19, 2022
          The debt burden of the world’s low-income countries rose 12 per cent to a record $860 billion in 2020, according to a World Bank report last year. Photo: Reuters

          World Bank cuts global growth forecast

          EconomyApril 18, 2022
          The World Bank predicts an uneven recovery across the Mena region this year. Reuters

          Mena economies to grow 5.2% in 2022 but recovery will be uneven, World Bank says

          EconomyApril 14, 2022
          World Bank president David Malpass. He called for keeping markets open to ensure speedy economic growth. AFP

          World Bank preparing $1.5bn support package for Ukraine

          EconomyApril 12, 2022
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