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World Bank Supports New Innovative Financing to Reach SMEs and Exporters in Turkey
The World Bank’s Board of Directors today approved a US$250 million equivalent loan for the Innovative Access To Finance Project for Turkey whose main development objective is to improve access to longer-term Islamic finance and to factoring for small- and medium-enterprises (SMEs)
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OECD: Achieving a Resilient Economic Recovery
The recovery from the Great Recession has been slow and arduous, and has at times threatened to derail altogether. However, the major advanced economies are finally gaining traction and momentum. Private-sector confidence is rebuilding. After years of weakness, investment and
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CFI.co Meets the CEO of Green Delta Securities: Wafi S M Khan
Stock brokerage in Bangladesh is not the most obvious of career choices ambitious students mull in Bangladesh. The few people who have been successful in portraying the brokerage industry as a glamorous one are definitely key players in the market.
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CFI.co Meets the CEO of XacBank: Bat-Ochir Dugersuren
Mongolia’s economy has been undergoing changes in recent years, and one of the challenges for its domestic banks is keeping up with the pace of growth. In line with this trend, XacBank has modified its strategy to adjust to the
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CFI.co Meets the CEO of Makhtag: Muhammad Halim Fidai
Former governor Muhammad Halim Fidai of the Wardak Province in Afghanistan is not impressed with the way his country is usually portrayed by the international media. In fact, Mr Fidai finds it incomprehensible that the media consistently downplays the significant
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The World Bank Called for Tighter Economic Policies to Restore Economic Stability
In its newly released Mongolia Economic Update, the World Bank said that the Mongolian economy is facing challenges from the large balance of payments pressure and high inflation. The World Bank underscored that the economic vulnerability will likely continue under
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Boosting Trade Competitiveness Key for Sustained Growth in Malaysia
Malaysia’s economy is expected to grow by 5.4% in 2014 and 4.6% in 2015, according to a new World Bank report. Exports rose in the previous two quarters and lifted Malaysia’s economic growth. The Malaysia Economic Monitor, launched today, notes
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UN Reports FDI Hit $1.4 Trillion in 2013, Upward Trend to Continue
Global foreign direct investment is up and expected to rise over the next three years, driven mainly by stronger economies in developed countries, according to a new United Nations report which highlights the key role that transnational corporations and foreign
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Bangladesh Receives $600 Million to Improve Rural Electricity Supply
The Government of Bangladesh today signed a $600 million credit to improve the quality of electricity supply for 25 million people in the rural areas of the eastern part of Bangladesh. The credit for the Rural Electricity Transmission and Distribution Project
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India in a Strong Position to Tap Global Growth
Unlike most developing countries, India’s recent growth has been well below potential, which provides space for economic activity to accelerate without building inflationary pressures. Global Economic Prospects 2014, presented in New Delhi today, says growth in India is projected at 5.5% in
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