Saturday 27 August 2016
 
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World Bank

India to get over $1bn from World Bank for Modi's solar goals

The World Bank said on Thursday it would lend India more than $1 billion for its huge solar energy programme, after Prime Minister Narendra Modi sought climate change funds from its visiting head.   Modi is banki

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UAE banks reception alongside Wold Bank, IMF meets

UAE’s Ministry of Finance (MoF), in collaboration with the UAE Central Bank and Dubai International Financial Centre (DIFC), will organise the UAE Banks reception alongside the upcoming International Monetary Fund (IMF) and World Bank annu

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World Bank launches $500m fund to fight pandemics

The World Bank on Saturday said it was launching a $500 million, fast-disbursing insurance fund to combat deadly pandemics in poor countries, creating the world's first insurance market for pandemic risk. Japan has committed t

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World Bank approves up to $5bn loan to Tunisia

The World Bank has approved a five-year plan to lend Tunisia up to $5 billion to support economic reforms aimed at reviving growth and creating jobs, the bank said on Wednesday. The North African country is struggling with lower t

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World Bank unit backs Saudi steel dust plant

The Multilateral Investment Guarantee Agency (Miga), the political risk insurance and credit enhancement arm of the World Bank Group (WBG), has announced its support for the region's first greenfield plant that will recycle electric arc furn

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World Bank unit backs Saudi steel dust plant

The Multilateral Investment Guarantee Agency (Miga), the political risk insurance and credit enhancement arm of the World Bank Group (WBG), has announced its support for the region's first greenfield plant that will recycle electric arc furn

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Countries look to draw expat cash with 'diaspora bonds'

A growing roster of developing states are turning to their compatriots abroad to raise cash by marketing "diaspora bonds", a funding strategy successfully pioneered by some countries but sometimes tricky to imitate. Some

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World Bank trims East Asia growth forecasts

The World Bank trimmed its 2016 and 2017 economic growth forecasts for developing East Asia and Pacific, and said the outlook was clouded by risks such as uncertainty over China's growth prospects, financial market volatility and further fal

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World Bank to lend Tunisia $5bn over five years

The World Bank plans to lend Tunisia $5 billion over five years to support democratic transition in the North Africa country and revive its economy, Tunisia country manager for the World Bank said on Friday. The North African coun

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World Bank slashes 2016 oil price forecast

The World Bank has slashed its forecast for crude oil prices by $14 to $37 per barrel for 2016, it said on Tuesday, amid growing supply and weak demand prospects from emerging markets. In its annual Commodity Markets Outlook, the

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