Prioritise country's needs, not outside recommendations, Putrajaya told ahead of 2025 budget
The removal of fuel subsidies has been a cornerstone of economic policies of international organisations such as the World Bank and IMF.
World Bank estimates earthquakes caused US$34.2 billion in damage in Turkey
The bank's Global Rapid Post-Disaster Damage Estimation report estimates that 1.25 million people were made homeless by damage to their homes, or their complete collapse.
Biden nominates ex-Mastercard CEO to lead World Bank
The World Bank has just started accepting candidate nominations in a process set to run until March 29.
World Bank warns global economy could easily tip into recession in 2023
The World Bank noted that some inflationary pressures started to abate as 2022 drew to a close, but warned that risks of new supply disruptions were high, and elevated core inflation may persist.
World Bank seeks more funds to address climate change and other crises, reports say
The roadmap document marks the start of a negotiation process to alter the bank's mission and financial resources and shift it away from a country-and project-specific lending model.
Global finance leaders single out China as barrier to faster debt relief
The world's poorest countries face US$35 billion in debt-service payments to official and private-sector creditors in 2022, with more than 40% of the total due to China, according to the World Bank.
World Bank chief sees risk of stagflation, likely recession in Europe
He says more funding for education, health preparedness and adaptation to climate change is urgently needed, along with steps to reduce the staggering debt levels burdening many developing countries.
World Bank ups growth forecast for Malaysia amid economic boom
It has revised its GDP growth forecast for Malaysia to 6.4% in 2022 against 5.5% projected earlier on the back of heightened economic activity in the first half of the year.
World Bank keeps Malaysia’s economic growth forecast at 5.5%
It also projects that Malaysia's economy will grow at 4.5% in 2023 and 4.4% in 2024.
World Bank slashes China growth forecast over Covid damage
Growth in China is projected to slow to 4.3% in 2022, the World Bank says, marking a steep 0.8% drop from the December forecast.
World Bank freezes Afghan projects after Taliban bans girls from high school
The projects were being readied for implementation by UN agencies to support projects in agriculture, education, health, and livelihoods.
World Bank sees sharp world growth slowdown, ‘hard landing’ risk for poorer nations
It says global growth is expected to decelerate 'markedly' to 4.1% in 2022 from 5.5% last year, and drop further to 3.2% in 2023.
