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Syria

World Bank estimates €185bn needed to rebuild Syria after civil war

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Economy

US Treasury Secretary says IMF and World Bank need reform

Treasury Secretary Scott Bessent said the institutions “serve critical roles in the international system. And the Trump administration is eager to work with them — so long as they can stay true to their missions.”

Economy

Slower growth looms over Eastern Europe as reform urgency rises

Slower growth looms over Eastern Europe and Central Asia as inflation, weak external demand, and structural inertia take hold. The World Bank urges bold reforms to unlock productivity and avoid the middle-income trap.

Economy

Developing economies have greater challenges ahead, warns World Bank

Weak investment and climate change threaten growth in developing economies after a period of strong expansion.

Economy

World Bank: Developing countries spend record amount on foreign debt

Poorer economies are limiting investments in health, education, and the climate to avoid default and repay foreign lenders.

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Economy

Denmark raises aid pledge to World Bank's low-income countries fund

Denmark, one of 52 countries funding development projects through the World Bank's initiative, is urging other countries to join it in tackling the 'most pressing development and climate challenges' facing the world today.

Economy

How the World Bank is helping Bosnia and Herzegovina's economy

Bosnia and Herzegovina has achieved International Development Association (IDA) donor status in 2023, along with Armenia and Georgia, after three decades of being in need of funding itself.

Economy

Euroviews. Europeans should bet on modernising the World Bank and IMF

In this decisive year for climate finance, the moment is now for strengthening the World Bank and IMF’s capacity to provide climate finance to developing countries, David McNair and Ameer Chughtai write.

Europe News

Ukraine Recovery Conference pledges support for energy infrastructure

United Nations Development Programme and World Bank discuss how the recovery of Ukraine will look like.

Green News

Can the world agree on climate finance before COP29?

Countries are set to make a new commitment on climate finance at the UN climate conference in November this year.

Business

UK spending closer to France's than the US, says World Bank economist

The increase in public spending in the UK is slowing down economic growth and making the country seem to be operating more like France than the US, says the World Bank's chief economist.

Economy

Famous names petition G20 in call for debt and climate crisis reform

More than 100 signatories, including a number of celebrities, send an open letter to the G20 asking for reform to the global financial system.

Business

Are these the five easiest European countries to start a business?

Euronews Business takes a closer look at the five European countries that could be the best place to start a business.

Economy

Global economy heading towards lowest half-decade growth in 30 years

World Bank predicts the global economy will slow for a third consecutive year in 2024.

Markets

World Bank: Shock in oil and food prices if Israel Hamas war escalates

In its latest report, the World Bank outlines three possible scenarios and what they entail for the commodity markets.

Focus

Morocco sets ambitious tourism targets as it bounces back from quake

Morocco proved its resilience during the devastating earthquake in September. Now, the country is looking to sustainably expand its tourism sector ahead of the 2030 FIFA World Cup.

Green News

The World Bank has had enough of billion euro fossil fuel subsidies

Fossil fuel and agricultural subsidies should be redirected to climate action, Ajay Banga suggested at the bank's annual meeting.

Economy

IMF worries about China's financial stability due to property crisis

At the ongoing World Bank-IMF annual meetings in Morocco, IMF officials urged Chinese authorities to intervene as an unprecedented property crisis rocks the world's second-largest economy.

Economy

Morocco welcomes IMF-World Bank meeting a following deadly earthquake

Less than a two-hour drive from where families sleep in tents and earthquake rubble remain in piles, the world's most powerful financial institutions are gathering for a week of discussions on economic challenges during times of war, inequality and climate change.

Economy

IMF: Private sector needs to shoulder most of the climate investment burden

Developing countries need $2 trillion in annual climate investments - IMF says the majority has to come from the private sector.

Economy

World Bank slashes China growth forecast for next year

The world’s second-biggest economy hasn’t grown so slowly since 1990, aside from the pandemic years.