Tag Archives: World Bank

An estimated 333 million children, one in six of the world’s child population, are grappling with extreme poverty, revealed a report jointly prepared by UNICEF and the World Bank. UNICEF and the World Bank collaborated on a report titled “Global Trends in Child Monetary Poverty According to International Poverty Lines,” …

Iraq has launched a multi-million-dollar initiative to combat chemical pollution in the country in collaboration with the World Bank and the Global Environment Facility (GEF), Environment Minister Nizar Amedi said on Thursday. Praising this “crucial shift” in the country’s efforts to mitigate pollution, Amedi said the projects mustered unprecedented international …

Pakistan Finance Minister Ishaq Dar on Saturday said he had canceled his trip to Washington for the spring meetings of the International Monetary Fund and World Bank on the orders of the prime minister due to the political situation in the country. However, Dar said he would attend important attend …

The external debt of developing economies has more than doubled from a decade ago to $9 trillion in 2021, the World Bank said Tuesday, warning the debt crisis facing these countries has intensified. The pandemic has forced many countries to take on more borrowing, and World Bank President David Malpass …

Only second to Russia, Iraq is among the top gas flaring countries in the entire world, the World Bank’s (WB) Gas flaring tracker report said. In the 2020 Gas flaring tracker report, the WB said that Iraq burns 70% of the total natural gas produced in the country, which was …

Rebuilding Gaza after the latest devastating war between Israel and the Palestinians will cost up to $485 million, the World Bank said. The report says it will take up to $380 million to repair the physical damage alone, with more required for other recovery needs. Israel carried out waves of …

The rise of cryptocurrencies has prompted interest from central banks to create digital currencies. A recent survey conducted by the Bank for International Settlements revealed that almost every central bank has considered issuing a digital currency. The Monetary Authority of Singapore (MAS), the International Monetary Fund, World Bank, and other …

The World Bank says Lebanon’s economic collapse is likely to rank among the world’s worst financial crises since the mid-19th century. According to a report published by the World Bank on Tuesday, the economic and financial crisis in Lebanon is likely to be among the top 10 or possibly the …

The Roads and Bridges Department in Nineveh governorate concluded on Monday a contract with an Egyptian company to reconstruct a major bridge on the Tigris River connecting both sides of Mosul. The department said in a statement that the Director-General of the Department, Hussein Jassem Kadhim, signed a contract with …

Iraq’s Ministry of Planning revealed, on Wednesday, that in 2020, the GDP per capita in Iraq has trended to nearly five million dinars. “According to the report of the Central Bureau of Statistics, the Iraq GDP per capita was projected to 4.950 million dinars (about 4.2 thousand dollars) in 2020, …

According to the agreement, which was signed by Finance Minister Fuad Hussein and Yara Salim, a representative to the World Bank, Iraq will focus on improving the power supply in the southern provinces where people have been protesting against the lack of basic public services, including electricity and other related …

Ukraine is rated as one of the poorest countries in Europe and Central Asia when it comes to GDP per capita, according to the country’s key creditor, the World Bank. The agency placed the nation on the same level as Moldova, Armenia, and Georgia, saying that it would take Ukraine …