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Wednesday, June 26, 2019

Tag: World Bank

Reforms and transparency needed for Belt and Road success

A World Bank report recommends that information regarding planning, fiscal costs, budgeting and procurement be made more available to the public.

World Bank cuts global outlook as trade tumbles to decade low

The World Bank cut its 2019 global growth forecast, citing a slowdown in trade growth to the weakest since the financial crisis a decade ago and a drop in global investment.

World Bank sees 4.7% growth for economy in 2019

Lead economist Richard Record says the country's fundamentals are sound.

Trump considered daughter Ivanka to head World Bank

If Donald Trump would have considered Ivanka Trump to head the World Bank, he would have been accused of nepotism.

IMF and World Bank urge caution with China loans

Governments have been called by the IMF and World Bank to avoid increasing its debt which could deteriorate each country's economy.

World Bank to aid Venezuela, leadership recognition up to shareholders

The World Bank is prepared to help crisis-laden Venezuela, however David Malpass says the country's ground situation was still troublesome.

Jordan seeks US$1 bil World Bank loan to cut debt burden

Jordan, whose public debt nearly equals economic output, has been hurt by the rise in global commodity prices.

Trump’s World Bank pick echoes calls for reform from other critics

Those criticisms are similar to those expressed by others in the development community.

Darkening ‘global economic skies’ pull stocks lower

The MSCI All-Country World Index, which tracks shares in 47 countries, was 0.3% lower, putting it on course to break a six-week streak of gains.

Treasury’s Malpass aims to reform the World Bank

David Malpass is now poised to take over the helm of the World Bank, where he can put his own stamp on its policies – something that many experts say undermines the institution.

Trump said to nominate David Malpass as new World Bank chief

According to officials, the announcement will be made this week after Trump delivers his State of the Union address on Tuesday night.

Malaysia’s economic fundamentals remain strong, says World Bank

Its investment lead economist Richard Record says country's diversified income stream will strengthen economy.

Ivanka Trump to help US choose World Bank chief

Through an unwritten post-war agreement with Europe, the World Bank has always been led by an American while a European has always been in charge of the IMF.

World Bank warns brewing trade storm jeopardises global economy

Global slowdown is beginning as government and corporate debt rise.

World Bank chief’s exit could give Trump lever over development lending

Trump might want an American in the new chief post to shift influence but will face many challengers. World Bank's CEO Kristalina Georgieva will serve as interim president.

World Bank president resigns

The decision is likely to give Donald Trump decisive influence over the next leadership of the institution.

World Bank revises Malaysia’s GDP growth to 4.7% for 2018

The bank had revised the country’s economic growth to 4.9% in October from 5.4% projected earlier.

Economists: Progress towards becoming high-income nation moving too slowly

They argue that decentralisation of powers and addressing economic inequality plaguing the country should be priorities for Malaysia to become a high-income nation.

Malaysia on track to high-income status, says World Bank

The World Bank says Malaysia's economy is well diversified with solid foundations.

World Bank: Child marriage costs countries billions in lost earnings

The causes of child marriage are complex and include traditional beliefs, climate change and conflict.

Budget 2019: A balancing act for new govt

Putrajaya needs to balance between safeguarding growth, sustaining private sector confidence and promoting fiscal responsibility among others.

World Bank: Huge allocation for education sector good for future of...

It hopes this leads to greater emphasis on the learning of Maths and Science to compete with other countries.

Malaysia now ‘easier’ for doing business, says World Bank

The World Bank Doing Business 2019 Report ranks Malaysia at the 15th spot, up nine places.

China’s Premier Li to meet heads of IMF, World Bank on...

China's Premier Li Keqiang will meet the heads of the IMF, the World Bank and the World Trade Organization as well as the Organization for Economic Co-operation and Development in Beijing.