Tag: Development banking
IMF approves $650 billion expansion to fight pandemic
WASHINGTON — The executive board of the International Monetary Fund approved a $650 billion expansion in resources to support economically vulnerable nations as they...
World Bank estimates cost of rebuilding Gaza at $485M
JERUSALEM — Rebuilding Gaza after the latest devastating war between Israel and the territory's militant Hamas rulers will cost up to $485 million, the...
World Bank raises China growth outlook to 8.5%
BEIJING — The World Bank raised its forecast of China’s economic growth this year to 8.5% from 8.1% and said Tuesday a full recovery...
World Bank: Lebanon’s crisis among world’s worst since 1850s
BEIRUT — Lebanon’s severe economic and financial crisis is likely to rank as one of the worst the world has seen in more than...
World Bank allocates $2 billion to fund projects in Sudan
CAIRO — The World Bank said Monday it has allocated $2 billion to cash-stripped Sudan as the transitional government has struggled to address the...
Leaders hold talks in Paris to revive African economies
<p>PARIS — More than 20 heads of state and government from Africa held talks in Paris with the heads of international organizations Tuesday on...
Leaders hold talks in Paris to revive African economies
PARIS — More than 20 heads of state and government from Africa held talks in Paris with the heads of international organizations Tuesday on...
Asian lender forecasts strong rebound for region in 2021
NOT YET — Developing Asian economies will grow at a solid 7.3% pace this year after contracting slightly in 2020 due to the pandemic,...
Asian lender forecasts strong rebound for region in 2021
<p>NOT YET — Developing Asian economies will grow at a solid 7.3% pace this year after contracting slightly in 2020 due to the pandemic,...
IMF: Vaccine inequity threatens Mideast’s economic recovery
DUBAI, United Arab Emirates — Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of mass...