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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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Bracing for Climate Change: Managing the Unavoidable and Avoiding the Unmanageable
Climate change is already happening: 900 extreme events were registered across the world last year and in Bulgaria, the frequency of natural disasters has increased significantly in the new millennium – with 10 major natural occurrences recorded between 2004 and
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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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Achieving Green Growth in FYR Macedonia
World Bank presents its FYR Macedonia Green Growth Country Assessment The World Bank today presented its FYR Macedonia Green Growth Country Assessment, a report that aims to define the outlines of a green growth path and the initial steps for the country along
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Tanzania Could Create Many New Jobs by Harnessing its Rapid Urban Expansion
Tanzania could create large numbers of new, productive jobs for its people, especially young men and women, if policy makers fostered industrial and business policies that catered to the country’s booming cities and their urban populations, according to the World
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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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