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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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Measuring Wealth to Track Sustainability
The new edition of the World Bank’s Little Green Data Book, released on World Environment Day 2014, includes a new indicator called change in wealth per capita for more than 200 countries. The World Bank Group has adopted change in
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Central Asian Countries Pledge Action on Climate Change
Central Asia faces climate change related issues such as warmer temperatures, glacier melt, increased variability in water resources, and frequent and costly weather-related hazards. Central Asia climate change forum aims for Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan to work
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Myanmar’s Opportunity to Double Rice Export and Reduce Poverty
New Report Advises Myanmar to Rethink its Rice Export Strategy to Expand Rice Production and Help Farmers Improve their Livelihoods. Myanmar has the potential to more than double its rice exports by diversifying and increasing rice production, opening its rice
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Shift to Solar Power Raises Incomes for Salt-mining Families in India
Example of sustainable energy future moves delegates at UN Forum. Sustainable Energy for All leaders outline financing plan to achieve goals by 2030. “We are on our way to realize ambitious energy agenda,” says World Bank President Jim Yong Kim
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Achieving Growth and Development in Tajikistan
A new Country Partnership Strategy (CPS) for Tajikistan outlines a World Bank Group program of support for the country over the period 2015-2018. The joint World Bank-IFC strategy sets out priority goals in the framework of cooperation between the World
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