"World Bank"

The World Bank has appointed Fabrizio Zarcone as country manager of Thailand with effect from July 1 to help Thailand tackle poverty and boost prosperity.

The World Bank on Wednesday approved $1.03 billion of financing to help improve regional trade in Nepal and Bangladesh by reducing trade and transport costs and transit time along the regional corridors.

High inflation and household debt would be key risks in hindering the expansion of Thailand's economy this year and circular economy would play a vital role to sustain the country's growth, the World Bank has said.

The World Bank will disburse nearly US$700 million to Sri Lanka within the next few months, Sri Lanka’s Foreign Minister announced.

The World Bank has ruled out bridging finance or new loan commitments to crisis-hit Sri Lanka until the nation’s economy sets up an adequate macroeconomic policy framework.

India has suggested to the IMF and World Bank to temporarily give Sri Lanka – grappling with its worst financial crisis – the tag of a lower-income country to help the island nation restructure its debt.

Ukrainian President Volodymyr Zelenskiy on Thursday (April 21) told participants in World Bank/IMF meetings that Ukraine needs $7 billion per month to make up for economic losses caused by Russia's invasion of his country.

The World Bank on Wednesday said the South Asian region was now more vulnerable to risks from the volatile external environment due to the impacts of the Ukraine war and persistent economic challenges with slower growth.

HÀ NỘI — Việt Nam is expected to register the highest trade and income gains among Regional Comprehensive Economic (RCEP) members, according to a World Bank (WB)’s working paper.

HÀ NỘI — Việt Nams target of bringing its GDP growth to 6-6.5 per cent in 2022 as set in the recent session of the National Assembly is entirely possible if it can effectively control COVID-19, and improve the supply – demand balance, an official of the World Bank (WB) has said.

KUALA LUMPUR: The government should continue its existing income relief measures to target groups for at least another six months to maintain financial support for the poor and vulnerable group in the near term, said the World Bank Group.

PENANG has secured a US$10mil (RM41.4mil) adaptation fund from the World Bank for projects to address climate change which has caused floods and rising temperature.