Tag: World Bank

• Wednesday, January 6th 2021 - 09:51 UTC

  China's economy is expected 7,9% this year, forecasts the World Bank

  

  The global economy is expected to expand 4% in 2021, with China's economy expected to expand by 7.9% this year, World Bank said on Tuesday, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year.

• Tuesday, December 15th 2020 - 09:00 UTC

  A third of the world population with no government aid during the pandemic, Oxfam

  

  More than a third of the world's population - some 2.7 billion people - has not received government aid during the coronavirus pandemic, Oxfam said on Tuesday, with gaping differences between rich and poor countries.

• Wednesday, October 14th 2020 - 09:39 UTC

  World Bank approves US$ 12bn for developing countries to purchase Covid-19 vaccines

  

  The World Bank said its executive board approved on Tuesday US$12 billion in new funding for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests, and treatments for their citizens. The financing plan is part of US$160 billion in total resources that the multilateral development lender has pledged to provide to developing countries through June 2021 to help fight the coronavirus pandemic.

• Tuesday, October 13th 2020 - 09:01 UTC

  Oxfam claims IMF's loans during the pandemic have worsen poverty and inequality

  

  The vast majority of International Monetary Fund loans extended during the Covid-19 pandemic have suggested or demanded spending cuts that would worsen poverty and inequality, charity group Oxfam says.

• Wednesday, September 30th 2020 - 09:45 UTC

  World Bank plans US$ 12bn to help poor countries with Covid-19 vaccine purchase and distribution

  

  The World Bank on Tuesday said it has asked its board of directors to approve US$12 billion to help poor countries purchase and distribute eventual vaccines against COVID-19. The bank has already implemented emergency response programs in 111 countries and the extra money, if approved, would be aimed at low- and middle-income countries.

• Friday, September 18th 2020 - 08:55 UTC

  World Bank chief economist estimates five years for economic recovery from the pandemic

  

  The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank's chief economist Carmen Reinhart said on Thursday.

• Friday, June 26th 2020 - 10:04 UTC

  World Bank staff reject Brazil's nomination to executive director over his racial comments

  

  The association representing staff at the World Bank asked that Brazil’s nomination of Abraham Weintraub to be executive director be reviewed over his past racial comments and other concerns, according to a letter circulated in the bank on Wednesday.

• Friday, June 12th 2020 - 09:59 UTC

  Fallout from pandemic could plunge 395 million people into extreme poverty

  

  The economic fallout from the coronavirus pandemic could plunge an extra 395 million people into extreme poverty and swell the total number of those living on less than US$1.90 a day worldwide to more than 1 billion, researchers said in a report on Friday.

• Tuesday, June 9th 2020 - 07:19 UTC

  World Bank loans Mexico one billion dollars to cope with coronavirus effects

  

  Mexico has taken out a one billion US dollars loan from the World Bank as the effects of the coronavirus begin to squeeze the economy, a business newspaper reported on Sunday.

• Tuesday, May 26th 2020 - 07:40 UTC

  Carmen Reinhart, appointed World Bank Chief Economist

  

  World Bank Group President David Malpass announced on Monday that Carmen Reinhart has been appointed as the new Vice President and Chief Economist of the World Bank Group. Reinhart’s appointment is effective on June 15, 2020.