Roundup: World Bank projects global economy to grow by 4 pct in 2021 with widespread vaccination WASHINGTON. KAZINFORM The global economy is on track to grow by 4 percent in 2021, assuming vaccination for COVID-19 becomes widespread throughout the year, the World Bank Group said in its latest Global Economic Prospects released on Tuesday.
World Bank approves 12-bln-USD for COVID-19 vaccines to support developing countries WASHINGTON. KAZINFORM - The World Bank on Tuesday announced that its Board of Executive Directors has approved 12 billion U.S. dollars for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests and treatments for their citizens, Xinhua reports.
Debt of poorest countries climbs to record 744 bln USD before pandemic: World Bank WASHINGTON. KAZINFORM The total external debt of the world's poorest countries climbed 9.5 percent to a record 744 billion U.S. dollars in 2019, according to the World Bank Group's latest International Debt Statistics (IDS) report released Monday.
World Bank's bid to reduce global poverty challenged by pandemic WASHINGTON. KAZINFORM The World Bank's goal to reduce the global extreme poverty rate to 3 percent by 2030 is encountering greater difficulty due to the severe blow dealt to developing economies by the coronavirus pandemic, a vice president of the Washington-based lender said in a recent interview.
World Bank's bid to reduce global poverty challenged by pandemic WASHINGTON. KAZINFORM - The World Bank's goal to reduce the global extreme poverty rate to 3 percent by 2030 is encountering greater difficulty due to the severe blow dealt to developing economies by the coronavirus pandemic, a vice president of the Washington-based lender said in a recent interview, Kyodo News reports.
World Bank financing to help Kazakhstan unleash full potential of its livestock industry WASHINGTON. KAZINFORM The World Bank Board of Executive Directors approved on July 2 a $500 million loan for the Sustainable Livestock Development Program to support the development of environmentally sustainable, inclusive, and competitive beef production in Kazakhstan.
Update: World Bank projects global economy to shrink by 5.2 pct in 2020 WASHINGTON. KAZINFORM The global economy is on track to shrink by 5.2 percent this year amid the COVID-19 pandemic, the deepest recession since the Second World War, the World Bank Group said in its latest Global Economic Prospects released Monday.
World Bank to launch COVID-19 emergency programs in over 100 countries by end of April WASHINGTON. KAZINFORM The World Bank Group (WBG) is expected to launch health emergency programs in over 100 countries by the end of April to support the fight against COVID-19, with 64 already in operation, President David Malpass said Friday.
Coronavirus outbreak: World Bank Group approves $1.9 billion to assist 25 countries WASHINGTON. KAZINFORM The World Bank’s Board of Executive Directors today approved a first set of emergency support operations for developing countries around the world, using a dedicated, fast-track facility for COVID-19 (coronavirus) response.
EEC, World Bank agree on new approaches to cooperation BISHKEK. KAZINFORM Headquarters of the Eurasian Economic Union (EAEU) in Moscow, Russia hosted on Tuesday meeting of Chairman of the Eurasian Economic Commission (EEC) Board Mikhail Myasnikovich and World Bank’s (WB) Vice-President for Europe and Central Asia Cyril Muller, KABAR reports.
Dariga Nazarbayeva, WB Regional Director for CA Lilia Burunciuc discuss coop development NUR-SULTAN. KAZINFORM Chairperson of the Senate of the Kazakh Parliament Dariga Nazarbayeva has met with Regional Director of the World Bank for Central Asia Lilia Burunciuc. Senators and Permanent Representative of the World Bank to Kazakhstan Jean-François Marteau participated in the meeting. The participants discussed the promising areas of cooperation between Kazakhstan and the World Bank, Kazinform learnt from the Senate's press service.
WB increases its GDP growth forecast for Kazakhstan NUR-SULTAN. KAZINFORM - World Bank has increased its GDP growth forecast for Kazakhstan for 2020 announcing it to be 3.7 percent compared to 3.2 percent previously, Trend reports with reference to the January Global Economic Prospects report published by World Bank (WB).
World Bank outlines priorities for improving Kazakhstan’s public procurement systems NUR-SULTAN. KAZINFORM The World Bank and Kazakhstan’s Ministry of Finance jointly presented the results of the assessment of Kazakhstan’s public procurement system to a broad group of stakeholders including representatives from the government, the private sector and civil society, a press release from the World Bank reads.