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World Bank Sees Myanmar Economy Shrinking
Myanmar's economy set to contract as floods and fighting take heavy toll, the World Bank says
The World Bank forecasts that Myanmar's economy will contract this year, as flooding and fighting take a severe toll nearly four years after the military ousted its government headed by Aung San Suu K
Myanmar's economy to shrink as floods compound crisis, says World Bank
Myanmar's economy is expected to shrink by 1% in the current fiscal year, the World Bank said on Wednesday, sharply downgrading its economic forecast as severe floods compounded the challenges facing the conflict-torn country.
World Bank sees Myanmar economy shrinking as civil war rages on
The World Bank expects Myanmar’s economy to contract in the current fiscal year, as elevated inflation, a slumping currency, and electricity and labour shortages further pressure a war-torn nation. Read more at The Business Times.
20h
on MSN
World Bank: Israel-Hezbollah war intensified Lebanon’s economic contraction
The World Bank said Tuesday that the Israel-Hezbollah conflict has dealt another significant blow to Lebanon's already ...
2d
A closer look at the World Bank’s new $100bn mobilisation target
As it strives to reach the $100bn mobilisation target without damaging its credit rating, the IDA may feel the need to lean ...
1d
World Bank cuts Kenya's 2024 growth estimate to 4.7% on fiscal challenges
The World Bank downgraded Kenya's economic growth estimate for this year to 4.7% on Tuesday, from an initial 5.0%, citing the ...
1d
World Bank Lowers Kenyan Growth Forecast on Floods, Protests
Kenya’s economy is heading for its worst performance since a coronavirus-induced contraction in 2020 because of floods and ...
World Bank
6d
World Bank Group Announces Record $100 Billion IDA Replenishment
The World Bank Group and partner governments have mobilized a record replenishment to the International Development ...
5d
World Bank wins $100 bln replenishment of fund for poorest countries
Donor countries have pledged a record $100 billion three-year replenishment of the World Bank's fund for the poorest nations, ...
news10nbc
8m
Bank of Canada cuts interest rate by half a percentage point, highlights risk of Trump’s tariffs
Canada’s central bank lowered its key interest rate by half a percentage point on Wednesday and called President-elect Donald Trump's threat to impose sweeping new tariffs on Canada “a major source of ...
5d
World Bank announces record $100 bn support for world's poorest countries
The World Bank announced Thursday that it had raised close to $24 billion to provide loans and grants for some of the world's ...
Sun Star
16h
World Bank expects robust growth of PH economy
Growth of the Philippine economy is expected to remain robust despite heightened geopolitical tensions in the Middle East, ...
1d
US Treasury transfers $20 billion in Ukraine loan funds to World Bank facility
The U.S. Treasury Department on Tuesday said it transferred the $20 billion U.S. portion of a $50 billion G7 loan for Ukraine ...
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