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
2023-05-09 18:11:25 New cross-border challenges, including climate change, pandemics, fragility and migration require new finance capacity and approaches, according to economists NK Singh and Larry Summers. The two co-chair an independent G20 expert group for firming up a road map for an updated eco-system for multilateral development banks (MDBs). Seeking inputs from experts and other … Read more
2023-04-30 02:36:15 With our correspondent in Madagascar, Sarah Tetaud In Madagascar, the representatives of the World Bank and the International Finance Corporation, Marie-Chantal Uwanyiligira and Marcelle Ayo, as well as the economist Francis Mulangu, have just published a column on poverty on the Big Island, one of the poorest countries in the world. « With … Read more
2023-04-16 07:27:00 Ranil Salgado, director of the International Monetary Fund (IMF)’s review of Japan, said on the 15th that the Bank of Japan’s Yield Curve Control (YCC) is expected to lead to a sustained rise in domestic wages. said there may be room to tweak the long-term interest rate target later this year. Pictured is … Read more
India’s financial system remains “completely” insulated from the recent developments in the US and Switzerland, RBI Governor Shaktikanta Das said, asserting that the country’s banking system is resilient, stable and healthy. The governor of the Reserve Bank of India (RBI) told a press conference here on Thursday that at the global level, the recent developments … Read more
As per the latest estimates of National Income released by National Statistical Office, Ministry of Statistics and Programme Implementation (MoSPI), real GDP is projected to grow by 9.1 per cent in 2021-22 (1st RE) and 7 per cent in 2022-23 (2nd AE). This was stated by the Union Minister of State for Finance Shri Pankaj … Read more
Slower consumption growth and challenging external conditions will lead to India’s growth slowing down to 6.3% in 2023-24, according to the World Bank, but the growth will remain resilient to external shocks. The World Bank revised its growth forecast downwards for the current year from 6.6% to 6.3% on Tuesday. “Rising borrowing costs and slower … Read more
The World Bank has made available US$250 million, the equivalent of 15.8 billion Meticais, for the implementation of the urban mobility project, to start this year in the Greater Maputo metropolitan area. Value’s priority is road building. The value given by the World Bank begins to be used within […] The post USD 250 million … Read more