Tag: World Bank
Amid blasphemy and bankruptcies, religious extremism continues to dominate politics in Pakistan
Islamabad [Pakistan]March 27 (ANI): Religious extremism and blasphemy have been used to serve political ends in Pakistan since its inception and it continues even now that the country is facing an unprecedented financial crisis, European Times reported. The democratic government and even the powerful army of Pakistan cannot dare to ignore Islamists. There has been […]
EU approves new sanctions against Russia
The bloc has followed the US, UK, Australia and New Zealand in announcing a new round of measures against Moscow EU member states approved a tenth round of sanctions against Russia on Friday over Moscow’s military operation in Ukraine, after its major Western ally imposed new measures to mark the one-year anniversary of the conflict’s […]
Life expectancy in the US drops to lowest in a generation
The combination of the COVID-19 pandemic and high levels of opioid overdose deaths reduced life expectancy in the United States for the second year in a row in 2021, with a child born that year expected to live 76.4 years, the lowest since 1996. according to data from the US Centers for Disease Control and […]
EU agrees on fresh sanctions against Russia over war in Ukraine
The EU on Thursday agreed a fresh round of sanctions on Russia over the war in Ukraine, after complaints from hawkish eastern European leaders that some countries were trying to water them down. Diplomats said a compromise deal – thought to include targeting some 200 individuals – was reached on the sidelines of a leaders […]
Live: First shipment of Ukrainian grain reaches Turkish waters
The first shipment of Ukrainian grain since Russia’s invasion reached Turkish territorial waters on Tuesday near the entrance to the Bosphorus. The number of border crossings from Ukraine has exceeded 10 million, the UN refugee agency reported. Follow FRANCE 24’s live blog for the latest developments. All times are Paris time (GMT+2). 21:30: Fighting in […]
Live: The Russians are fighting to surround Ukraine’s last eastern stronghold
Russian forces fought on Wednesday to encircle the Ukrainian military’s last stronghold in a long-disputed eastern province when shock echoed from a Russian airstrike on a shopping mall that killed at least 18 people in the center of the country two days earlier. Follow our live blog for the latest developments. All times are Paris […]
‘No problem’ for Russia if Finland, Sweden join NATO, says Putin
Russia has “no problem” if Finland and Sweden join NATO, President Vladimir Putin said on Wednesday. “We don’t have problems with Sweden and Finland like we do with Ukraine,” Putin told a news conference in the Turkmenistan capital of Ashgabat. Finland and Sweden will be formally invited to join the alliance after Turkey dropped its […]
Live: Russian forces withdraw from Ukraine’s Snake Island
Russian forces have withdrawn from Ukraine’s Snake Island, a strategic outpost in the Black Sea, Russia’s Defense Ministry said on Thursday. The Ukrainian presidency confirmed Russia’s resignation. Follow our live blog for the latest developments. All times are Paris time, GMT + 2. 12:02: Russia says it has over 6,000 Ukrainian prisoners of war Russia […]
Live: Historic NATO summit nears end in Madrid
The NATO summit in Madrid, where the alliance redefined its strategic concept to clearly identify Russia as a threat to its members, ended on Thursday with its leaders stressing its importance. At the same time, Russian forces withdrew from Ukraine’s Snake Island, a strategic outpost in the Black Sea. Follow our live blog for the […]
World Bank lowers global growth forecast for 2022 to 2.9 per cent, warns of risk of stagflation
According to the report, this increases the risk of stagflation, which could have detrimental consequences for both middle-income and low-income economies. According to the report, global economic growth is expected to slow from 5.7 per cent in 2021 to 2.9 per cent in 2022 and hover at around 1523-2024. Growth in advanced economies is projected […]
Opinion: Why China is committed to a dynamic zero-COVID strategy
After more than two years, COVID still refuses to disappear. Faced with a wave of omicron in China, the Chinese government is putting the lives of the people first and sticking to its dynamic zero-Covid strategy. This strategy is not intended to achieve zero infection, but to quickly detect infection and break the chain of […]
Germany has lost the last traces of Russia’s independence
Chancellor Scholz is no? Offended liverwurst? because he was not offended by a Ukrainian ambassador who called him one, FM Lavrov said One can hardly refer to German Chancellor Olaf Scholz as an “offended liverwurst”, given that when the Ukrainian ambassador to Germany Andrey Melnik called him, Scholz did not appear offended at all, Russian […]
Latest developments in Ukraine: 13 May
For full coverage of the crisis in Ukraine, visit Flash point Ukraine. Recent developments in the conflict between Russia and Ukraine. All times EDT: 02:04: The latest intelligence update from the British Ministry of Defense says that Russia is trying to get a breakthrough against Slovenian and Kramatorsk. Its goal is to isolate Ukrainian forces […]
The Prime Minister of Ukraine describes war costs for VOA when donors dig deep
Ukraine received $ 6.5 billion in commitments at an international donors’ conference in Warsaw on Thursday. VOA Eastern Europe Bureau Chief Myroslava Gongadze discussed the conference and other issues with Ukrainian Prime Minister Denys Shmyhal in the Polish capital. The following interview has been edited for brevity and clarity. VOA: Donors promised nearly $ 7 […]
International Round-Up: Danish Ministry of Foreign Affairs accused of illegally keeping China protests silent
A new report from the Tibet Commission has accused the Danish Ministry of Foreign Affairs and the Security and Intelligence Service (PET) of mocking the constitution by pressuring the Copenhagen Police to quell anti-China protests during Chinese state visits. It criticized the Foreign Ministry for the length it was willing to go to “maintain a […]
Big Four banks casting a dangerous shadow
Dale Webster exposes the Big Four retreat from regional Australia, leaving cashed-up and bankless towns watching their money go round and round. CASTERTON, GRENFELL, Home Hill, Nathalia and Toukley. Five Australian towns that were, until recently, set apart by one dubious achievement shared by no others: they had all lost a full hand of the […]
‘Big four’ banks casting a dangerous shadow
Dale Webster exposes the “big four” retreat from regional Australia, leaving cashed-up and bankless towns watching their money go round and round. CASTERTON, GRENFELL, Home Hill, Nathalia and Toukley. Five Australian towns that were, until recently, set apart by one dubious achievement shared by no others: they had all lost a full hand of the […]
The IMF approves $ 1.4 billion in crisis financing for Ukraine
Washington [US]March 10 (ANI): The International Monetary Fund has approved $ 1.4 billion in emergency funding for Ukraine in the midst of the ongoing war with Russia, the fund said in a statement. “The International Monetary Fund (IMF)’s Executive Board today approved a $ 1.4 billion (SDR 1,005.9 million) payment under the Rapid Financing Instrument […]
The World Bank approves $ 723 million in aid to Ukraine
“The package approved by the government consists of an additional $ 350 million loan and $ 139 million in guarantees, and will also mobilize $ 134 million in grant funding and $ 100 million in co-financing, resulting in a total of $ 723 million in support.” The fast-paced support will help the government provide important […]
The World Bank approves $ 723 million in aid to Ukraine
Washington [US]March 8 (ANI): On Monday, the World Bank approved a package of loans and grants of USD 723 million to Ukraine, providing state budget support in the midst of the total conflict with Russia. The international lender approved a supplementary budget support package for Ukraine, called the Financing of Recovery from Economic Emergency in […]
The World Bank is providing a $ 3 billion aid package to Ukraine
Chairman of the World Bank Group David Malpass and the Managing Director of the IMF Kristalina Georgieva announced Ukraine ‘s aid package on Tuesday (local time) in a joint statement by the IMF and the World Bank Group on the war in Ukraine. “We are deeply shocked and saddened by the devastating human and economic […]
The World Bank is planning $ 350 million in aid to Ukraine to support reforms
“President Malpass confirmed that the World Bank is preparing quick budget support – to be considered by the government by the end of March – for up to $ 350 million to support ongoing reforms,” the bank said in a post-meeting statement, Sputnik reported. Mr Malpass emphasized that aid would continue to be given to […]
Afghanistan could reach 97 percent of poverty by mid-2022
February 8, 2022, UNICEF (United Nations Children’s Fund) Afghanistan sent out a gloomy set of tweets. One of the tweeters, which included a photograph of a child lying in a hospital bed with his mother sitting next to him, sa: “After recently recovering from acute watery diarrhea, two-year-old Soria is back in the hospital, this […]
COVID-19 pandemic pushes more than half a billion into extreme poverty: UN report
The findings were unveiled on International Public Health Day and highlight the devastating impact COVID-19 has on people’s ability to access and pay for health care. In a message celebrating the day, the UN Secretary-General Antonio Guterres He said that as the third year of the pandemic approaches rapidly, “we urgently need to strengthen our […]
World Bank donors approve the release of $ 280 million for Afghanistan
“Donors from the Afghanistan Reconstruction Trust Fund (ARTF) today decided to transfer $ 280 million in ARTF funds to UNICEF and the World Food Program (WFP) by the end of December 2021, the World Bank said in a press release. According to the release, UNICEF will receive $ 100 million to provide essential health services […]
Live: Deposed Sudanese PM returns home as protests over coup continue
Sudanese Prime Minister Abdalla Hamdok was allowed to return home Tuesday but remains “under heavy guard”, a day after he was detained when the army seized power in a coup that has claimed at least seven lives. Protests against the coup continued on Wednesday as Khartoum airport reopened to inbound and outbound traffic. Follow events […]
According to the World Bank, 100 million people will face extreme poverty in 2021
“An estimated 100 million people are living in extreme poverty, about 80 per cent of them in MIC countries [middle-income countries]”, the bulletin stated and added that millions of jobs had been lost. The Committee on Development welcomed the World Bank Group’s (WBG) efforts to respond to the crisis and mitigate its effects. “During fiscal […]
Xinhua World Economic News Summary at 0900 GMT, September 28
WASHINGTON-East Asia and the recovery of the Pacific have been undermined by the proliferation of the COVID-19 Delta variant, the World Bank said on Monday, calling for an overall strategy to limit COVID-19 and increase growth for all. Economic activity began to decline in the second quarter of 2021 and growth forecasts have been downgraded […]
In 2021, Finland will be the third in the world digital quality of life index
Overall, Finland has significantly improved its digital well-being compared to the DQL 2020 network, rising from 11th to 3rd place and eventually surpassing Sweden and Norway. The study shows that Finland has the second cheapest broadband connection in the world. Finns have to work 31 minutes to get the cheapest broadband package – that is […]
How countries along the Sahara can restore productive land faster
Nigerian President Muhammadu Buhari is about to take over presidency from the Pan-African Agency of the Great Green Wall – the continent’s efforts to restore destroyed farmland, pastures and woodlands bordering the Sahara Desert. He succeeds Mohamed Ould Ghazouani, President of Mauritania. Buhari is supported by the UN Convention to Combat Desertification and an international […]
Vaccine inequality causes ‘dangerous differences’ in COVID survival rates: UN
“Global deployment of COVID-19 vaccines is advancing at two alarming speeds. Less than 2 percent of adults are fully vaccinated in most low-income countries, compared to nearly 50 percent in high-income countries,” according to a UN agency release. Leaders from the International Monetary Fund (IMF), the World Bank, the World Health Organization (WHO) and the […]
World Bank suspends financial assistance to Afghanistan: spokesman said
As we do so, we will continue to consult closely with the international community and development partners, “a World Bank spokesman told CNBC. The organization also expressed deep concern about “the impact on the country’s development prospects, especially for women”. The World Bank has invested $ 5.3 billion in the country’s development projects, according to […]
How the welfare state has helped Swedes with the start of technology
Stockholm – When Klarna’s billionaire founder Sebastian Siemiatkowski prepares to stage one of the largest European fintech company listings, a celebration of capitalism, he credits an unlikely backer for his fleeting success: the Swedish welfare state. In particular, the 39-year-old sets a government policy from the late 1990s to put a computer in every home. […]
China’s open and sustainable economy is an important driving force for the world’s green economy
Since the onset of the pandemic, China has become a leading country in both pandemic control and socio-economic development to effectively curb the pandemic and get all business and production back on track, which in turn gave the world confidence and a driving force for economic recovery. The Chinese economy grew by 2.3% last year, […]
The IMF and the World Bank agree on a massive support package
The corona pandemic has hit the world economy hard, and during the meeting of the World Bank and the International Monetary Fund today, the countries agreed on a support package for low- and middle-income countries. The 650 billion dollars is a major financial contribution to the global economy, says Sweden’s Minister of Finance Magdalena Andersson. […]
One in three women experiences violence worldwide: UN Women
This violence starts early: One in four young women (aged 15-24) who have been in a relationship have already experienced violence by a close partner by the mid-20s. “Violence against women is endemic in all countries and cultures, causing damage to millions of women and their families, and has been exacerbated by the COVID-19 pandemic,” […]
Why a more equal world would be easier to emit carbon dioxide
American billionaires experienced one trillion dollars in its total net worth in 2020, more than enough to hand out a $ 3,000 (2140 pound) stimulus check to every American. Meanwhile, whole sectors put on hold, remove the basis of subsistence for many people. The World Bank estimates that by the end of 2021, the global […]
First African woman to lead the WTO
Okonjo-Iweala, 66, will probably be the first from Africa, and the first woman, to lead the WTO. The WTO has been without a leader since August 2020 since Donald Trump blocked Okonjo-Iweala, but now Joe Biden has given his approval. She has previously worked at the World Bank in the United States and was Minister […]
New Zealand Report Card 2020: do well but may try harder
A year ago, who could have even imagined that 2020 would be as it did? A pandemic, closed borders, lockdown, economic crisis, a delayed election … but here we are at the end of a year like no other. So if New Zealand were to receive a report card for its COVID-19 performance, measured against […]
Denmark is working to secure COVID-19 vaccines for everyone
Support for Africa In addition, the government wants to give an additional 50 million kroner to the UNICEF Supply Division in Copenhagen to help the organization buy and distribute vaccines on behalf of COVAX and help developing countries roll out vaccine programs to their most vulnerable groups. Finally, the World Bank’s energy sector program ESMAP […]
Important message to the public in Hörby in Hörby municipality, Skåne county.
Latin America’s economies have been hit particularly hard by the corona pandemic, several reports show. The fall in GDP is expected to be much higher than in other parts of the world, and just over one in three Latin Americans is predicted to end up in poverty. Forecasts from the International Monetary Fund, the World […]
Cash support via mobile to Sudanese
In Sudan, the corona pandemic and extensive floods have dramatically worsened the situation for the country’s already vulnerable population. To alleviate the need, Sweden now contributes with cash support that will go directly to people via mobile phone. Three decades of military dictatorship, war and conflict have caused enormous suffering to the people of Sudan […]
"The best future for Scotland is to become an independent country. “The Scottish Government
“Non-trade” would be devastating for Scotland “But because of the UK Government’s limited ambitions, any agreement reached puts Scotland, its people and economy far in a worse position than where we are now,” Russel Brexit of the Helsinki Times said “If no agreement is reached, we can see tariffs on goods that are crippling in […]
UN chief: $ 35 billion needed to expand global access to COVID-19 vaccine
NEW YORK – The UN Secretary-General on Wednesday appealed to the international community for $ 35 billion to quickly fund fair global access to COVID-19 tests, drugs and vaccines, when available, as coronavirus deaths exceed 1 million. “It is in each country’s national and economic self-interest to work together to massively expand access to tests […]
Uncertain future for migrant workers, in a post-pandemic world
Gary Ryhhart, Senior Specialist in Employer Activities, ILO, by Gary Ryhnart Gary Rynhart: When covid-19 spread around the world, many migrants were no doubt transported home or left to fend for themselves. Migrants have also – due to the sectors in which they work and the poor conditions in which many low-skilled migrants live and […]
Migrants start sending money home again
Money that migrant workers send home, so-called remittances, has not decreased as sharply as forecasts said last spring, when the corona pandemic broke out and blocked large parts of the world. There was talk at the outbreak of a 20-25 percent drop in the world’s total remittances, but now there is information about countries in […]
