The World Bank projected that global economic growth will maintain a rate of 2.7% for both 2025 and 2026, unchanged from 2024's growth rate."Global growth is expected to hold steady at 2.7 percent in 2025-26. However, the global economy appears to be settling at a low growth rate...
Ukrainian Prime Minister Denys Shmyhal announced on Monday that the country is set to receive a loan of $15 billion from Washington, secured by frozen Russian assets, after it entered into an agreement with the World Bank.The amount represents part of United States' $20 billion contribution...
Ukrainian Prime Minister Denys Shmyhal announced on Friday on his Telegram channel that Ukraine received $465 million from the United States as part of the Public Expenditures for Administrative Capacity Endurance (PEACE) Project through the US Agency for International Development...
Ukrainian Prime Minister Denys Shmyhal announced on Tuesday that his country received the first $1 billion out of the planned $20 billion of Russian assets the United States froze when Moscow launched its military campaign against his country."We are grateful to US partners and @WorldBank for...
The Chinese authorities are seeking to host a meeting with the representatives of major international economy-focused organizations to discuss its progress and the situation around the globe, the South China Morning Post (SCMP) reported on Wednesday.According to people familiar with the...
World Bank said on Tuesday in its latest Global Economic Prospects report that it expects the gross domestic product (GDP) in the United States to grow by 2.5% in 2024, significantly up from the January growth projection which stood at 1.6%.The global economy is anticipated to rise by 2.6% this year,...
The World Bank released Tuesday an assessment report that estimates the critical infrastructure damage in the Gaza Strip during Israel's operation against Hamas amounts to $18.5 million, representing 97% of the total GDP of the West Bank and Gaza combined in 2022.The report noted that every...
The World Bank Group said on Tuesday in its latest Global Economic Prospects report that the global economy is heading toward the worst half-decade of growth in 30 years.
"Without a major course correction, the 2020s will go down as a decade of wasted opportunity," World Bank Group Chief...
Ukrainian Prime Minister Denys Shmyhal stated on Friday that the World Bank had allocated another $1.34 billion to the country.
According to the government official, the funds will be used to pay pensions and teachers' salaries, support internally displaced persons, and other priority expenditures...
World Bank cautioned on Monday that an escalation of the conflict in the Middle East could lift oil prices to a range of $93 to $102 a barrel in the fourth quarter of the year and under a "small disruption" scenario.
However, according to the Commodity Market Developments and Outlook report, under a...
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