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World Bank, WTO chiefs seek to reignite services trade negotiations
The heads of the World Bank and the World Trade Organization on Monday called for countries to boost efforts to make trade in global services more transparent and predictable, saying…
World Bank readies COVID-19 vaccine funds for around 30 African countries
The World Bank is preparing emergency financing to help about 30 African countries access COVID-19 vaccines, the global lender told Reuters, as…
World Bank lends Bosnia $65.3 million to help pandemic-hit businesses
The World Bank announced it had approved a $65.3 million loan to Bosnia to help the Balkan country's micro, small and medium-sized…
World Bank board approves $12 billion for COVID-19 vaccines, treatments in developing countries
he World Bank said its executive board approved $12 billion in new funding for developing countries to finance the purchase and distribution…
Sub-Saharan Africa to contract 3.3% this year, World Bank says
The coronavirus crisis is expected to drive a 3.3% contraction in sub-Saharan African economies in 2020 and could push 40 million people…
South Asia faces worst ever recession, tipping millions into poverty – World Bank
Millions of people in South Asia are being pushed into extreme poverty as the region where a quarter of humanity lives suffers…
World Bank seeks board approval for $12 bln coronavirus vaccine financing plan
World Bank President David Malpass said he is seeking board approval for a $12 billion coronavirus vaccine financing plan to help poor…
Global economic recovery may take 5 years, World Bank chief economist says
The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank's…
World Bank warns 60m at risk of ‘extreme poverty’
Up to 60m people will be pushed into "extreme poverty" by the coronavirus warns the president of the World Bank. David Malpass…
Sub-Saharan Africa to fall into recession in 2020, says World Bank
The rapidly-spreading coronavirus outbreak is expected to push sub-Saharan Africa into recession in 2020 for the first time in 25 years, the…