World Bank

Ending America’s World Bank monopoly

NEW YORK –The nomination earlier this month of David Malpass, a senior US Treasury Department official, for the post of World Bank president came as something of a relief. Malpass is, after all, the choice of US President Donald Trump, who is known for backing extreme and unqualified job...

Tuesday, February 26, 2019 - 10:04am

Former World Bank chief economist: Bitcoin will fail

Three major American economists have recently spoken negatively about Bitcoin’s (BTC) chances for survival in an interview with Financial News today. Joseph Stiglitz, Kenneth Rogoff, and Nouriel Roubini all made statements arguing that Bitcoin will fail as a currency, namely criticizing the...

Tuesday, August 7, 2018 - 12:36am

World Bank supports Tunisia state budget

Two cooperation agreements were signed between Tunisia and the World Bank on Wednesday in the capital Tunis in support of the Tunisian state budget. Tunisian Minister of Investment and International Cooperation, Zied Laadhari, said the agreements target the development of municipal infrastructure...

Thursday, July 12, 2018 - 9:58am

Hafez Ghanem takes over as World Bank’s Vice President for Africa

The World Bank has appointed Hafez Ghanem as the new World Bank Vice President for Africa, effective July 1st 2018. A development expert with over 30 years of experience, Ghanem will lead anactive regional portfolio consisting of over 600 projects totalling more than $71 billion. Under Ghanem...

Wednesday, July 11, 2018 - 9:12am

Fight against malnutrition to cost Rwf23 billion annually: World Bank

The World Bank estimates that Rwanda requires at least $27.3m (approximately Rwf23billion) annually for the next 10 years to eradicate malnutrition in the country. In the organisation’s latest report on the country’s economic update, they estimated that the investment ought to go...

Monday, June 25, 2018 - 8:34am

World Bank revises Rwanda’s economic growth projection to 7 per cent

The World Bank Group projects that the economy will grow by 7 per cent riding on exports, agriculture sector and narrowing trade imbalance. The group has previously projected economic growth in 2018 would be at 6.2 per cent. The projections were announced during the latest World Bank Economic...

Friday, June 22, 2018 - 8:05am

Global economy to grow by 3.1% in 2018, World Bank projects

Despite recent softening, global economic growth will remain robust at 3.1 per cent in 2018 before slowing gradually over the next two years, as advanced-economy growth decelerates and the recovery in major commodity-exporting emerging market and developing economies levels off, the World Bank said...

Wednesday, June 6, 2018 - 8:25pm

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