World Bank

The World Bank on Friday said that 11 countries have pledged to contribute over $11 billion to new hybrid capital and portfolio guarantee instruments designed to expand the bank’s financing capacity by $70 billion over a...

A new Oxfam report released in advance of the 2024 Spring Meetings in Washington, D.C., states that income inequality is high or rising in 60% (64 out of 106) of low- and middle-income countries that receive...

According to the World Bank, Bangladeshi authorities should exercise greater caution when merging banks and adhere to all international laws and guidelines at all times. Abdoulaye Seck, the company’s country director for Bangladesh, made the announcement...

On Thursday, the executive board of the World Bank approved a new strategy for the organization’s interactions with the Afghan people, one that would allow for the availability of fresh funding, estimated to be worth $300...

The external debt stock of Bangladesh increased by 6.59 per cent to USD 97.01 billion in 2022 from USD 91.48 billion in 2021 despite a fall by 3.4 per cent in the external debt of low-...

The World Bank has recognized the advances of Nigerian President Bola Ahmed Tinubu’s tough economic reforms, but urged more progress on medium-term fiscal and monetary measures, it said in a report. Since taking over the presidency...

The board of directors decided to approve the extension of a $1.2 billion loan to Ukraine, according to the World Bank’s press office. Funds will be allocated to support 29 social assistance programs for “the most...

The Board of Directors of the World Bank made the decision to approve the extension of a $1.2 bln loan to Ukraine, the World Bank’s press service said. Money will be allocated to support 29 social...

In order to support the nation’s resilient and inclusive growth, Bangladesh and the World Bank today inked five financing agreements totaling more than $1.1 billion. These agreements will enhance early childhood development, secondary education, riverbank protection...

The IMF and World Bank will convene in Morocco on Monday for the first time in 50 years. Pressure is mounting on these institutions to adapt in order to better assist developing countries that are suffering...