Sunday, 9 January 2022 (YJC)_ Head of the Organization for Investment Economic and Technical Assistance of Iran announced that the World Bank has approved granting a 90-million-dollar loan to Iran.
Wednesday, 06 January 2021_The World Bank on Tuesday downgraded its outlook for the global economy, and warned the situation could deteriorate if Covid-19 infections accelerate or the vaccine rollout is delayed.
Wednesday, 07 October 2020 _As many as 115 million people could be pushed into extreme poverty this year due to the economic downturn caused by the coronavirus pandemic, the World Bank warned Wednesday.
TEHRAN, Apr 11 - The World Bank estimates the direct economic losses from Cyclone Idai in Mozambique to range from $656 million-$773 million (590.26 million pounds), covering damage to buildings, infrastructure and agriculture, a note sent out via the United Nations said on Thursday.
TEHRAN, October 17 - Despite progress in reducing extreme poverty, nearly half the world's population lives on less than $5.50 a day, with a rising share of the poor in wealthier economies, the World Bank said Wednesday.
TEHRAN, October 11 - The World Bank Group unveiled a new system on Thursday to rank countries based on their success in developing human capital, an effort to prod governments to invest more effectively in education and healthcare.
TEHRAN, April 05 - The World Bank and the Islamic Development Bank want to increase the use of long-term investments in Islamic finance, tasking the industry with reducing its reliance on Islamic banks in favor of a wider array of institutions.
TEHRAN, March 20 - Climate change, already a growing driver of migration, forcing families to flee water scarcity, crop failure and rising sea levels, may cause as many as 143 million people to be displaced by 2050, the World Bank has concluded in a new report.
TEHRAN, February 8 - The head of the World Bank compared cryptocurrencies to “Ponzi schemes,” the latest financial voice to raise questions about the legitimacy of digital currencies such as Bitcoin.
TEHRAN, January 16 - Russia's new government after its March presidential election should invest more in education and healthcare to help spur economic growth, the World Bank's chief executive officer said on Tuesday.
TEHRAN, April 27, YJC - The World Bank has expressed deep concern about the deteriorating life conditions in the Gaza Strip, saying that constant fuel shortages and frequent power cuts have brought the Israeli-besieged enclave to the brink of a “humanitarian crisis.”
TEHRAN, April 21, YJC - Iran has registered a huge increase in its current account surplus from 2.7% of GDP in 2015 to 6.5% of GDP in 2017, the World Bank said.
FRANKFURT, Dec 31, 2014 (AFP) - The rise of populist parties across Europe should act as a wake-up call for governments to finally get their economies in order, a top European Central Bank official said Wednesday.