Tag: World Bank

Millions of people around the world are likely to be pushed back into poverty because climate change is undermining economic development in poor countries, the World Bank warned in a report released on Wednesday (19 June).

The grouping of the emerging economies – Brazil, Russia, India, China and South Africa (BRICS) – are cutting their foreign currency reserves in euro, having sold €45 billion of the currency in 2012, according to data gathered by the International Monetary Fund.

Wealthy countries' contributions to development banks are critical to emerging from the world economic crisis, with each euro given enabling significant additional private sector investment and growth, says Imoni Akpofure.

Eastern Europe faces a jobless recovery – despite strong economic growth – unless structural weaknesses in skills and 'Soviet-style research institutions' are addressed, World Bank economists warned this week.

Civil society pressure is needed to bring stronger penalties against those harbouring dirty money, write  French Economy, Industry and Employment Minister Christine Lagarde and Ngozi Okonjo-Iweala, the World Bank Group's managing director.

The World Bank is seeking synergies with the EU in an attempt to incorporate climate change considerations into the long-term economic planning of developing countries, Michele de Nevers, senior manager of the bank's environment department, told EurActiv.

The quarterly World Bank report gives numerous recommendations to stabilise the economy of EU-8 countries, but states that immigration from the new member states is not an issue.

This article, published by the Centre for Eastern Studies, sums up the findings of a recent World Bank report on the economic situation in Russia.

According to a World Bank report, the EU's new member states registered robust economic performance in 2004 - but a slowdown is ahead.

In a new report the World Bank suggests EU candidate countries should make more use of new technologies to improve their economic competitiveness.

Anti-globalisation protesters are expected to demonstrate in Prague on occasion of the IMF-World Bank annual meeting.