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WGB Launches New Country Partnership Framework to Support Azerbaijan’s Sustainable, Inclusive and Resilient Growth
The World Bank Group’s Board of Executive Directors today discussed and endorsed the 2015-2020 Country Partnership Framework (CPF) for Azerbaijan. This CPF represents a five year joint strategy of the World Bank Group comprising the International Bank for Reconstruction and
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World Bank Group: Investing in Women is Vital to Ending Poverty, Boosting Needed Growth
Closing persistent gender gaps is vital to boosting sustainable growth and ending poverty by 2030, World Bank Group President Jim Yong Kim said Tuesday, calling for scaled-up efforts to expand women’s access to good jobs, assets, and infrastructure. “Economic growth
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EU Offers a Third Bailout: Greece Will Remain in the Eurozone but Austerity Stays too
The EU has survived the Greek debt default crisis and after seventeen hours of negotiations agreement for a third bailout was reached today. Greek PM Alexis Tsipras termed the negotiations as a tough battle that resulted in a growth package
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Volatility in Chinese Stock Values: Potentially Much More Dangerous than a Greek Tragedy?
The problems facing the global economy in the event of a Greek exit from the euro zone could be dwarfed into insignificance by downward movements on the Chinese Stock Markets. In 1989, Margaret Thatcher famously declared: “You can’t buck the
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Enhancing Integration, Unlocking Investment in West Africa
West Africa is stepping up efforts to integrate regional economies and improve the investment climate with the support of the World Bank Group. At a mid-June event in Dakar, a regional public-private dialogue framework was launched to jointly identify regional
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All Eyes on Greece: Is the IMF Asking for More than PM Tsipras Can Deliver?
Financial markets around the world slipped today on growing fears that Greece may be unable to reach an agreement with her international creditors and thereby default on a $1.6 billion loan repayment due this month. Failure to repay could result
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The Proposals from Greece: Prospects for a Deal Improve Dramatically
New economic proposals submitted by Greece on Monday have been welcomed by euro zone leaders and financial markets around the world. The expectation is for a deal to be announced within days. Although in all likelihood the country will need
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Playing with Fire: Greek Tragedy Reaches Climax
As the Greek tragedy nears its climax – now scheduled for next Thursday – European stock and bond markets took a hit with investors scurrying for safety and protagonists hurling verbal abuse across the stage. In Athens, Prime-Minister Alexis Tsipras
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The Time Is Now: Paradigm Shift Signals Opportunity
Few people realise that in 2013 a turning point was reached. In that year, emerging economies displaced developed markets as the main engines of global economic growth. This was not a one-off event or an oddity: it signalled no less
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Principles for Responsible Investment: Fiduciary Duty – Coming of Age
Unfortunately, fiduciary duty can be a contested term when it comes to investments, with different legal interpretations in countries around the world. Fiduciary obligations exist to ensure that those who manage other people’s money act responsibly and in the interests
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