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Growth in developing East Asia and pacific has remained resilient and is expected to ease only modestly during 2016-18, according to a new World Bank report. This outlook is subject to elevated risks and countries should continue to prioritize monetary and fiscal policies that reduce vulnerabilities and strengthen credibility, while deepening structural reforms. Growth in developing East Asia is expected to ease from 6.5 percent in 2015 to 6.3 percent in 2016 and 6.2 percent […]
Washington, United States (AFP)—The slump in Chinese growth and its nascent economic transition was the key factor in a sharp slowdown last year in global trade, the World Bank said Wednesday. Trade, as measured by total merchandise import volumes, rose only 1.7 percent in 2015, down from 3.0 percent in 2014, the Bank said in a new report. That stall in trade, one of the key drivers of economic growth in recent years, was mostly […]
MANILA, Philippines – The Malacañang happily welcomed the approval of the World Bank of a new loan worth $450 million. According to Presidential Communications Secretary Sonny Coloma, this is proof that the anti-poverty programs of the government are working because the World Bank will not approve said loan if it does not believe in the strategy of the government to counter poverty. (Eagle News Service Described by Jay Paul Carlos, Video Editing by Jericho Morales, […]
THE World Bank cut its 2016 forecast for crude oil prices to 37 U.S. dollars per barrel and foresaw other commodity prices to shed further this year due to weak demands from emerging economies. In its latest Commodity Markets Outlook report, the bank said the lower forecast reflects sooner-than-anticipated resumption of exports by Iran, greater resilience in U.S. production and weak growth prospects in major emerging market economies. Oil prices fell by 47 percent […]
The World Bank warned in a report on Sunday that climate change could drive 100 million people into extreme poverty in just 15 years. The report, titled “Shock Waves: Managing the impacts of Climate Change on poverty,” says that increased natural disasters, disruptions in food supplies and the spread of diseases could send the global poverty rate into overdrive by just 2030. The report finds that poor people are already at high risk from climate-related […]
(LAPU-LAPU CITY, Cebu) Asia Pacific countries should invest in education and social protection to address inequality within their economies and this includes the Philippines, a World Bank official said on Friday. In his message during the APEC Finance Ministers’ Meeting here, World Bank Vice President for East Asia and the Pacific, Axel van Trotsenburg, said most poor households rely on labor as their only source of income. Making labor productive through quality education and skills […]
FINANCE stakeholders in the Asia Pacific region agreed in a two-day meeting in Bacolod City to develop a vibrant microinsurance in the region as well as create a regional risk pool mechanism to reduce risk of individual countries when there are calamities. “The meeting today is an offshoot of the finance ministers’ meeting in Tagaytay. In that meeting there was a decision to develop a disaster risk finance in APEC (Asia Pacific Economic Cooperation),” Finance […]
Upang matulungan ang lalawigan ng Mindoro, lalong-lalo na ang mga mahihirap nitong mamamayan, ay nagkaloob ang World Bank ng pondo para sa mga proyekto sa nasabing lalawigan.
The World Bank said that the regional bank of West Africa’s Ebola epidemic could reach 32.6 billion dollars by the end of 2015.
The World Bank cut its global economic growth forecast for 2014 to 2.8 per cent from 3.2 per cent because of a harsh US winter and the impact of the Ukraine crisis.
