World Bank

EU sanctions against Russia following the invasion of Ukraine

In response to Russian President Putin’s unprecedented and unprovoked military attack against Ukraine, the EU is responding by adopting a…

3 years ago

Strengthening the EU bank crisis management and deposit insurance framework

The European Commission is reviewing the crisis management and deposit insurance framework (CMDI) in order to strengthen the second pillar…

4 years ago

Greening the Coast and Blueing the Black Sea for a Resilient Georgia

A virtual event on climate change and marine pollution, with the cooperation of the World Bank, the Organization of the…

4 years ago

Two-thirds of poorer countries cut education budgets due to COVID-19

Education budgets are not adjusting proportionately to the challenges brought about by COVID-19, especially in poorer countries. Despite additional funding…

4 years ago

IMF Kristalina Georgieva: Path to recovery is highly uncertain in Europe

International Monetary Fund (IMF) Managing Director Kristalina Georgieva, EU debates at the online debate of the European Parliamentary Week 2021.…

4 years ago

Nigeria improve Services and Electricity Access

The World Bank approved $500 million to support the government of Nigeria in improving its electricity distribution sector. The project…

4 years ago

Rwanda: COVID-19 pandemic pushes Rwandan economy into recession

Rwanda has fallen into its first recession due to the COVID-19 pandemic and could potentially compromise years of gains in…

4 years ago

ECB must keep money to face future Eurozone inflation

Lagarde said that inflation remained low despite an increase in January due to weak demand and a slump in the…

4 years ago

ECB extends liquidity lines with non-euro area Central Banks

The European Central Bank (ECB) decided in December 2020 to offer a nine-month extension of its temporary swap and repo…

4 years ago

Eurosystem accepts climate change-related sustainable investments

Eurosystem central banks aim to start climate-related disclosures for these types of portfolios of sustainable investments within two years. The…

4 years ago

EU role of central banks in combating climate change

Lagarde wants to make ECB a climate change pioneer and give a new role to European central banks to think…

4 years ago

Guterres: 2021 Is the Year to Reconcile Humanity with Nature

At the ‘One Planet Summit’ for biodiversity, António Guterres declared 2021 as “the year to reconcile humanity with nature.” In…

4 years ago

World Bank expects global economy growth of 4% in 2021

The World Bank Group on Tuesday issued a guarded growth forecast for the global economy this year, saying that a…

4 years ago

China’s Economic Recovery picks up but risks remain

Following a sharp decline in the first quarter of 2020, economic activity and recovery in China has normalized faster than…

4 years ago

Pandemic threatens to push more children into Learning Poverty

COVID-related school closures risk pushing an additional 72 million primary school aged children into learning poverty. Children are unable to read…

4 years ago

The First Amazon Fiscal and Environmental Sustainability Program

The World Bank Board of Directors approved today the US$200 million First Amazon Fiscal and Environmental Sustainability Programmatic DPF. The project…

4 years ago

Why the European Stability Mechanism (ESM) need reform?

On 30 November 2020, the Eurogroup agreed to proceed with the reform of the European Stability Mechanism - ESM. The…

4 years ago

Watch LIVE ECB Listens Event. Lagarde eudebates ECB Strategy

ECB President Christine Lagarde and Chief Economist Philip R. Lane host LIVE a virtual listening event with civil society organisations.…

4 years ago

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