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65 million people displaced by conflict worldwide: World Bank report
The number of people displaced by conflict worldwide stands at 65 million, according to a new World Bank report.The number of people displaced by conflict worldwide stands at 65 million, according to a new World Bank report.
IMF urges 'growth-friendly' spending from member countries
The International Monetary Fund (IMF) has urged member nations to boost “growth-friendly” spending in light of the Syrian refugee crisis. At theThe International Monetary Fund (IMF) has urged member nations to boost “growth-friendly” spending in light of the Syrian refugee crisis. At the
World Bank, IMF say growth lower and warn of new Greek crash
The World Bank and IMF, at their Spring meeting are urging Greece’s creditors to rethink their policies after studies concluded austerity wasThe World Bank and IMF, at their Spring meeting are urging Greece’s creditors to rethink their policies after studies concluded austerity was
The World Bank and IMF fear Brexit will add uncertainty to a fragile global economy
The World Bank and the IMF have been meeting in Washington with the possibility of the United Kingdom leaving the European Union high on the agenda.The World Bank and the IMF have been meeting in Washington with the possibility of the United Kingdom leaving the European Union high on the agenda.
World Bank rival launched in Beijing
The Chinese President Xi Jinping launched a new international development bank on Saturday in Beijing that is being seen as a rival to the US-ledThe Chinese President Xi Jinping launched a new international development bank on Saturday in Beijing that is being seen as a rival to the US-led
The World Bank pushes for a greener economy
With the opening of COP21 in Paris, climate change is at the heart of international debates. Euronews’ Gregoire Lory took the occasion to speak toWith the opening of COP21 in Paris, climate change is at the heart of international debates. Euronews’ Gregoire Lory took the occasion to speak to
World Bank cuts growth forecast for East Asia and Pacific
The World Bank has cut its growth forecasts for this year and next in the developing East Asia and Pacific, due to the risk of a sharp slowdown inThe World Bank has cut its growth forecasts for this year and next in the developing East Asia and Pacific, due to the risk of a sharp slowdown in
Extreme poverty likely to drop below 10% - World Bank
The World Bank revised its benchmark for measuring extreme poverty and said the number of people under the mark is likely to fall below 10% of the world's population.The World Bank revised its benchmark for measuring extreme poverty and said the number of people under the mark is likely to fall below 10% of the world's population.
Putin calls for Russian businesses to fill the sanctions gap
Russian President Vladimir Putin, hosting a business forum in Moscow, has told domestic industries they should expand before western sanctions areRussian President Vladimir Putin, hosting a business forum in Moscow, has told domestic industries they should expand before western sanctions are
IMF and Athens dig in as Greek debt dominates Washington talks
The head of the International Monetary Fund has rejected suggestions that Greece could obtain a delay on debt repayments it needs to make next monthThe head of the International Monetary Fund has rejected suggestions that Greece could obtain a delay on debt repayments it needs to make next month
Conflict 'one of the greatest drags on global growth' says World Bank President
Euronews' Isabelle Kumar takes the global economic pulse at the 2015 World Economic Forum with the President of the World Bank, Dr Jim Yong Kim.Euronews' Isabelle Kumar takes the global economic pulse at the 2015 World Economic Forum with the President of the World Bank, Dr Jim Yong Kim.
Grim global growth outlook says World Bank
The World Bank has cut its global growth forecast. In its bi-annual report, the predicted global growth will be 3 percent for this year and 3.3 forThe World Bank has cut its global growth forecast. In its bi-annual report, the predicted global growth will be 3 percent for this year and 3.3 for
Asia 'must do more' to fight Ebola, says World Bank group president
Asian countries are not doing enough to fight Ebola, that is the conclusion of World Bank group president Jim Yong Kim. The virus has killed moreAsian countries are not doing enough to fight Ebola, that is the conclusion of World Bank group president Jim Yong Kim. The virus has killed more
World Bank estimates Ebola could cost West Africa 32.6 billion dollars
As West African countries battle to control the outbreak of Ebola, fears that the virus could spread globally has created panic in Europe and theAs West African countries battle to control the outbreak of Ebola, fears that the virus could spread globally has created panic in Europe and the
World Bank dials back Chinese growth for next three years
Fresh bad news potentially for the world economy, and bad news for sure for the Communist party running China. The World Bank has cut its growthFresh bad news potentially for the world economy, and bad news for sure for the Communist party running China. The World Bank has cut its growth
World Bank warns Ebola could 'drain billions of dollars' from West Africa
As the deadly Ebola virus continues to claim lives in West Africa, the World Bank has warned the epidemic could drain billions of dollars from theAs the deadly Ebola virus continues to claim lives in West Africa, the World Bank has warned the epidemic could drain billions of dollars from the
The effects of the Bretton Woods Agreement 70 years on
July 22 marks the 70th anniversary of the Bretton Woods Agreement, which despite its flaws is considered the reason behind a relatively extendedJuly 22 marks the 70th anniversary of the Bretton Woods Agreement, which despite its flaws is considered the reason behind a relatively extended
BRICS nations set up bank to rival IMF and World Bank
Leaders of five emerging market countries have launched a new $100bn development bank. Known as the BRICS nations – Brazil, Russia, India, ChinaLeaders of five emerging market countries have launched a new $100bn development bank. Known as the BRICS nations – Brazil, Russia, India, China
Crisis legacy overshadows global economic recovery
There was cautious optimism from economic leaders gathered in Berlin as Chancellor Angela Merkel hosted her eco-klatch, an annual event to appraiseThere was cautious optimism from economic leaders gathered in Berlin as Chancellor Angela Merkel hosted her eco-klatch, an annual event to appraise
World Bank calls for greater access to banking services
The World Bank is urging governments in developing countries to do more to ensure people can get access to financial services – such as bank accountsThe World Bank is urging governments in developing countries to do more to ensure people can get access to financial services – such as bank accounts
World Bank and IMF hail growth in AGM
The World Bank and IMF have begun their annual joint meeting in Washington, with a long list of fresh challenges facing the two organisations. ItThe World Bank and IMF have begun their annual joint meeting in Washington, with a long list of fresh challenges facing the two organisations. It
World Bank slams Ukraine's economic prospects
The World Bank has joined the IMF in deploring Ukraine’s current economic performance. Recently the IMF put a multi-billion euro loan on hold, lastThe World Bank has joined the IMF in deploring Ukraine’s current economic performance. Recently the IMF put a multi-billion euro loan on hold, last
World Bank cuts Russian growth forecasts amid calls for economic overhaul
The World Bank has reduced forecasts for the Russian economy, as a result of domestic structural challenges and falling global demand. It is theThe World Bank has reduced forecasts for the Russian economy, as a result of domestic structural challenges and falling global demand. It is the
Carmakers race ahead in 2013
The world’s biggest car makers have been flexing their muscles – and showing off their muscle cars – in the place they call Motor City – DetroitThe world’s biggest car makers have been flexing their muscles – and showing off their muscle cars – in the place they call Motor City – Detroit
World Bank cuts growth outlook for 2013
A frustratingly slow recovery in developed nations is holding back the global economy, according to the World Bank. It has dramatically cut itsA frustratingly slow recovery in developed nations is holding back the global economy, according to the World Bank. It has dramatically cut its
Solid growth seen in Asia
The World Bank has upped its forecasts for next year for China and the developing countries of East Asia – Thailand, the Philippines, Indonesia andThe World Bank has upped its forecasts for next year for China and the developing countries of East Asia – Thailand, the Philippines, Indonesia and
IMF calls for action as euro crisis "festers"
The IMF has urged EU policymakers to deepen the financial and fiscal ties within the euro area with some urgency to restore sagging confidence in theThe IMF has urged EU policymakers to deepen the financial and fiscal ties within the euro area with some urgency to restore sagging confidence in the
China and Russia have growth forecasts cut
The World Bank has revised its growth forecasts for Russia and China, saying the two economic giants will not grow as much as it had expected. TheThe World Bank has revised its growth forecasts for Russia and China, saying the two economic giants will not grow as much as it had expected. The
A new perspective on Africa
It is time to look at Africa with fresh eyes. There is a spirit of optimism on this continent of over a billion people. The World Bank saysIt is time to look at Africa with fresh eyes. There is a spirit of optimism on this continent of over a billion people. The World Bank says
World Bank warning on growth
The World Bank has warned of tougher times on the horizon for developing economies. It said a long period of volatility in the global economy willThe World Bank has warned of tougher times on the horizon for developing economies. It said a long period of volatility in the global economy will