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World Bank Group: A Promising New Resource for Development – The Potential of Sovereign Wealth Funds
Mobilizing finance for long-term, large-scale direct investment in development is a daunting global challenge. However, a growing and potentially vast source of capital seems poised to transform the process of financing development, reducing poverty and building shared prosperity in some
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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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Marketable Skills Set Young Women on Path to Prosperity in Nepal
Vocational training programs for young women, 16-24, in Nepal are giving them gainful employment, economic independence and bringing trust in their ability to create their own paths in life. Through the programs, women have found jobs in lucrative, non-traditional fields
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China’s Growth Moderates with Continued Economic Transformation
China’s growth will moderate over the medium term as the economy continues to rebalance gradually. Growth is expected to slow to 7.6 percent in 2014, and 7.5 percent in 2015, from 7.7 percent in 2013, according to the World Bank’s China
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World Bank Continues Support to Improve Vietnam’s Competitiveness with US$250 Million Credit
The World Bank’s Board of Executive Directors today approved a US$250 million credit to the Government of Vietnam for the Second Economic Management and Competitiveness development policy operation (EMCC-2) to support the Government’s economic management reforms to enhance the country’s
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World Bank Supports SME Development with Focus on Financial Reporting in Europe and Central Asia
Ministers of Finance, business leaders, accounting professionals, and academics from Europe and Central Asia, together with representatives of the World Bank and key EU and international institutions in financial reporting and auditing, met today in Vienna for the 5th Ministerial Conference of
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Turkey’s Public Finances: Time for a Fiscal Policy Pivot?
New World Bank report recommends shift to more sustainable growth model. The World Bank today launched a new report, Turkey in Transition: Time for a Fiscal Policy Pivot?, at a conference held in Ankara in partnership with the Ministry of Finance and
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Luther George Simjian: ATM Inventor Misses Out on Fame and Fortune
Born in 1905 in Turkey when that country was still known as the Ottoman Empire, Luther George Simjian became separated from his family in the chaotic aftermath of the Great War and fled to the United States via Beirut and
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World Bank Group President Jim Yong Kim to Visit Saudi Arabia, Lebanon and Jordan
World Bank Group President Jim Yong Kim, will visit Saudi Arabia, Lebanon, and Jordan from June 1-4, to focus on the challenges and opportunities facing the Middle East and North Africa (MENA) region and underscore the Bank’s commitment and support. This
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Paul Krugman: A Plea for a Return to Basics in Finance
Author of no less than twenty books, over 200 scholarly essays in peer-reviewed academic journals and more than 750 articles as a columnist, Nobel laureate Paul Krugman is not one to hide his mostly liberal opinions. As an economist, Mr
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