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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.
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 ...
22h
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 ...
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 ...
Channel NewsAsia Singapore
38m
HSBC, World Bank's IFC launch $1 billion trade finance programme for emerging market
HSBC and the World Bank's International Finance Corporation (IFC) will jointly provide funding to trade transactions valued at up to $1 billion, in a move to help fill a gap in financing for emerging ...
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, ...
5d
World Bank Raises Record $100 Billion for Aid to Poorest Nations
The World Bank received pledges to deploy a record of $100 billion via its unit focused on low-interest loans and grants to ...
Devex
2d
Devex Newswire: The World Bank’s debatable victory
The World Bank touted a major funding boost for the world's most vulnerable nations. But critics say the increase falls short ...
Sun Star
18h
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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