World Bank’s Ajay Banga Reveals Priorities and Reforms for Financial Institution’s Future

2023-10-13 19:54:51 Five months after his election as head of the World Bank, Ajay Banga delivered his first official speech to the international community, this Friday, October 13 in Marrakech, during the official ceremony of the Annual Meetings of the World Bank and the International Monetary Fund (IMF). A session enhanced by the participation of … Read more

IMF and World Bank Annual Meetings in Marrakech: Morocco’s Remarkable Recovery and Tourism Success

2023-10-13 16:13:42 A few weeks after the devastating Al-Haouz earthquake, Morocco hosted the annual meetings of the IMF and the World Bank in Marrakech. Opportunity for its authorities to congratulate themselves on good figures in the tourism sector. ADVERTISEMENT The annual meetings of the International Monetary Fund and the World Bank are being held in … Read more

World Bank for $100 billion extra annual lending capacity for climate change and poverty

2023-10-04 20:01:59 NEW DELHI: Ahead of the meeting of G20 finance ministers and central bankers, under India’s presidency, in Marrakech next week, the Development Committee of the World Bank has proposed the creation of additional annual lending capacity of more than $100 billion over the next decade for the multilateral lender to run a more … Read more

The Impact of China’s Economic Crisis on East Asia’s Growth: World Bank’s Forecast

2023-10-02 07:44:44 Washington: The World Bank says that the crisis in the Chinese economy will affect the economic growth of East Asia. The World Bank predicts that the economic growth will decrease in the Pacific countries as well. In 2023, the economic growth of East Asia will decrease to five percent. According to the World … Read more

cross border: RBI in dialogue with other central banks to reduce cost of cross border remittances

2023-09-29 13:26:48 The Reserve Bank of India has initiated dialogues with countries having sizable Indian diaspora to bring down cost of remittances, deputy governor T Rabi Sankar said. According to the World Bank, the average cost of cross border remittance is about 6.2% of the value of a transaction. “Such a high cost in today’s … Read more

China vs. USA: The Battle for Economic Supremacy and Geopolitical Influence

2023-07-21 09:50:00 China vs. USA Both the US and China have great economic power – and are fighting for supremacy. (Photo: Stephan Schmitz for Handelsblatt) According to many experts, China is economically more unstable than it appears. At the same time, the USA is achieving astounding success with its reindustrialization strategy. In contrast to China, … Read more

india: Commerce secretary Sunil Barthwal visiting UK for FTA talks

2023-07-16 08:25:18 After the recent visit of Commerce and Industry Minister Piyush Goyal to Britain, Commerce Secretary Sunil Barthwal is visiting London this week to take stock of the negotiations for a proposed free trade agreement (FTA) with the UK, an official said. During the visit (July 17-18), the secretary will hold discussions with senior … Read more

675 million people live without electricity, report says

2023-06-06 15:41:46 Some 675 million people live without electricity worldwide, the vast majority of them in sub-Saharan Africa, according to a report published Tuesday by several organizations, including the World Health Organization and the World Bank. According to this report, the world is not on track to achieve the sustainable development goal adopted by UN … Read more