OPEC Fund signs €50 million loan agreement with Montenegro
OPEC Fund signs its first loan agreement with Montenegro, committing €50 million to bolster fiscal sustainability, climate action, and green projects, with support from the...
Tag : World Bank
WHO calls for a reset in pandemic preparedness efforts globally
The WHO has warned of rising pandemic threats in a report highlighting recent disease outbreaks, including Marburg virus, Mpox, and avian influenza, and urges stronger...
Bangladesh secures over $2 billion from World Bank for reform initiatives
Bangladesh will receive over $2 billion in new funding from the World Bank this fiscal year to support reforms, flood response initiatives, and improvements in...
UAE set for strong economic growth in 2024, World Bank predicts
UAE's GDP set to surge by 3.9% in 2024, driven by oil hike and robust non-oil sectors, per World Bank....
Lebanon’s grim economic outlook in World Bank’s 2024 report
Based on the World Bank's projections as of 2024, Lebanon's economic situation remains deeply concerning and "high uncertain."...
World Bank targets $10 billion climate aid for MENA by 2025
The World Bank has announced an ambitious plan to escalate climate financing in the Middle East and North Africa (MENA) region, aiming to allocate $10...
World Bank’s revised outlook for East Asia reflects China’s economic hurdles
Amid concerns about China’s economic stability and diminished global demand, the World Bank has revised its growth projections for developing East Asia and the Pacific....
World Bank predicts 4.8 percent expansion in UAE’s non-oil sector in 2023
The World Bank has released its projection stating that the United Arab Emirates (UAE) is expected to experience a robust growth of 4.8% in its...
Global education targets hindered by $97 billion funding gap, UNESCO reports
A recent UNESCO report has revealed that a $97 billion funding shortfall is standing in the way of countries reaching their 2030 national education targets....
US nominates former Mastercard CEO, Ajay Banga, to lead World Bank
US President Joe Biden nominated former Mastercard CEO Ajay Banga to lead the World Bank, crediting his experience with global challenges such as climate change....