world-bank
BusinessChina Revises up 2023 GDP to $17.73 Trln, Rules Out Impact on 2024 Figure
BankingWorld Bank Raises China’s GDP Forecast for 2024, 2025
BankingWorld Bank Wins $100 Billion Replenishment of Fund for Poorest Countries
Top StoriesGeopolitics Overshadow COP29 Talks on Climate Cash, as Argentina Walks Away
Development Bank Financing Pledge Gives COP29 Summit Early Boost
Date: November 13, 2024
By Valerie Volcovici and Virginia Furness BAKU (Reuters) – COP29 negotiators welcomed a pledge by major development banks to lift funding to poor and middle-income countries struggling with global warming as an early boost to the two-week summit. A group of lenders, including the World Bank, announced on Tuesday a joint goal of increasing this...
World Bank Rolls Out New Strategy to Boost Economic Opportunities for Women
Date: October 25, 2024
WASHINGTON (Reuters) – The World Bank announced on Thursday a new gender strategy aimed at boosting economic opportunities for women and enabling their participation in the global economy through social protection and access to broadband and capital. The Gender Strategy 2024-2030, unveiled during the International Monetary Fund and World Bank annual meetings in Washington,...
Multilateral Banks Could Lend up to $480 Billion More Before Rating Downgrades, Fitch Says
Date: October 10, 2024
(Reuters) – A dozen of the largest multilateral development banks could collectively lend a further half-trillion dollars before facing rating downgrades, Fitch said in a Wednesday report, following a review of its criteria for rating supranational institutions. The multilateral lenders in Fitch’s report “could collectively lend nearly an additional $480 billion” before a cash...
Development Banks Get Ratings Boost on Climate Clauses and Hybrid Bonds
Date: July 3, 2024
Development banks get ratings boost on climate clauses and hybrid bonds By Marc Jones LONDON (Reuters) – The World Bank and other top development banks got a double boost on Tuesday as Fitch said debt payment freezes for climate-disaster hit countries would not hit the banks’ credit rating and it would no longer cap ratings...
World Bank Says Global Growth Stabilizing but Well Below Pre-Pandemic Levels
Date: June 11, 2024
World Bank says global growth stabilizing but well below pre-pandemic levels By David Lawder WASHINGTON (Reuters) – The World Bank on Tuesday said the U.S. economy’s stronger-than-expected performance has prompted it to lift its 2024 global growth outlook slightly but warned that overall output would remain well below pre-pandemic levels through 2026. The World Bank...
World Leaders, Veterans, Commemorate D-Day’s 80th Anniversary in Normandy
Date: June 6, 2024
World leaders, veterans, commemorate D-Day’s 80th anniversary in Normandy By Elizabeth Pineau, John Irish and Jeff Mason VER-SUR-MER, France (Reuters) -Moving letters from veterans were read out as ceremonies took place in Normandy on Thursday to mark the 80th anniversary of the June 6, 1944 D-Day landings, when more than 150,000 Allied soldiers invaded France...