About: World Bank

Economy & Jobs 08-06-2022

Burned by Russia, Germany seeks to lessen dependence on China

Germany's dependence on Chinese raw materials is increasingly attracting the government's attention as it continues, together with the EU, to work at full speed on freeing itself from Russian economic dependence. EURACTIV Germany reports.
Economy & Jobs 15-04-2022

Russia asks Brazil to help keep sway at IMF and World Bank

Russia has asked Brazil for support in the IMF, the World Bank and the G20 group of top economies to help it counter sanctions imposed by the West since it invaded Ukraine, according to a letter seen by Reuters.
Agrifood 14-04-2022

International organisations warn soaring food prices could fuel social unrest, extreme poverty

The world's major international finance and food organisations have joined forces to call for urgent coordinated action on food security in light of the war in Ukraine, warning soaring food prices could fuel social tensions and push millions into poverty.
Europe's East 22-03-2022

Ukraine will need ‘staggering’ financial support, says World Bank MD

The World Bank is ready to provide “staggering” sums of financial support to Ukraine amid the Russian invasion and the aftermath, Managing Director for Operations, Axel van Trotsenburg, told EURACTIV in an interview.
Global Europe 09-03-2022

Explainer: Ousting Russia from WTO, IMF would mark end of an era

Amid the devastation of World War Two, the United States and its allies created the institutions that have governed the post-war global economic order, focused on rebuilding Europe, fighting poverty and bringing rivals together to work out trade disputes peacefully.
Europe's East 02-03-2022

World Bank, IMF racing to get aid to Ukraine in coming weeks, months

The International Monetary Fund and World Bank said they were racing to provide billions of dollars of additional funding to Ukraine in coming weeks and months, adding the war there is creating "significant spillovers" to other countries.
China 17-09-2021

Georgieva pressured World Bank employees to favor China in report

World Bank leaders, including then-Chief Executive Kristalina Georgieva, applied "undue pressure" on staff to boost China's ranking in the bank's "Doing Business 2018" report, according to an independent investigation released Thursday (16 September).
China 18-06-2021

Pacific undersea cable project sinks after US warns against Chinese bid

A World Bank-led project declined to award a contract to lay sensitive undersea communications cables after Pacific island governments heeded US warnings that participation of a Chinese company posed a security threat, two sources told Reuters.
Economy & Jobs 14-12-2020

Repayable support: no silver bullet but a means to tackle EU funds graft

Increasing the role of loans and guarantees utilised to narrow the disparities between European regions may help combat the misuse of EU funds but cannot replace the role of accountability, transparency and sound domestic institutions.
Global Europe 20-11-2020

Michel: G20 must move on debt restructuring programme

European Council President Charles Michel on Friday (20 November) called on G20 leaders to create “a new model of sustainable finance” to avoid sovereign defaults in the wake of the COVID-19 crisis.
Economy & Jobs 10-04-2020

World faces new ‘Great Depression’ as virus toll mounts

World powers scrambled on Thursday (9 April) to build a global response to the human tragedy and once-in-a-century economic collapse caused by the coronavirus epidemic, as the worldwide death toll topped 90,000.
Economic governance 10-03-2020

As stock markets collapse, IMF calls for support for the coronavirus-infected economy

The International Monetary Fund called on governments worldwide Monday (9 March) to join forces and roll out aggressive financial supports for the coronavirus-infected global economy, including direct payments to workers and businesses.
Agrifood 20-11-2019

Keeping young farmers in rural areas is the biggest challenge for Croatia

Generational renewal of Croatian agriculture is a slow process burdened with negative demographic trends, constant migration and a non-competitive market. EURACTIV Croatia reports.
Economy & Jobs 03-07-2019

Lagarde’s ECB nomination thrusts IMF into early succession race

The nomination of Christine Lagarde as European Central Bank president on Tuesday (2 July) has thrust the International Monetary Fund into an early, unanticipated search for a new leader amid a raging trade war that has darkened the outlook for global growth.
Economy & Jobs 05-06-2019

Global growth continues to weaken, World Bank report confirms

After the IMF and the OECD, the World Bank has also cut its 2019 growth forecasts. Uncertainties over trade and investment are at the root of this slowdown, which is also affecting the eurozone. EURACTIV France reports.

Capital markets need to start making sustainability mainstream – report

We need to reboot the financial system and rethink old structures. This is what the OECD, the World Bank Group and the UN Environment Programme are calling for in their new joint report. Sustainable finance should become mainstream, but the market is still lagging far behind. EURACTIV Germany reports.
Central Asia 04-04-2019

Narbaeva: Uzbekistan is determined to reform and put an end to negative stereotypes

Tanzila Narbaeva, the Deputy Prime Minister of Uzbekistan, told EURACTIV about her country's efforts to develop modern agriculture, eliminate child or forced labour and invest in human capital, especially women.
Development Policy 05-02-2019

World Bank’s Georgieva: Venezuela needs tens of billions of dollars

As the Venezuelan crisis unfolds, the World Bank is ready to act as soon as its members give the green light, said the institution's new interim president, Kristalina Georgieva. In an interview with EURACTIV.com, she estimated that the financial needs to cover would be around tens of billions of dollars.
EU-Africa 16-11-2018

EU to ‘review’ support to Tanzania over rights concerns

The European Union is reviewing its financial support to Tanzania in response to recent moves undermining "human rights and the rule of law".
Economy & Jobs 30-07-2018

Can Poland catch up with the West on digitisation?

Acceleration of technological development provides huge opportunities for qualified employees. In an interview with EURACTIV Poland, Christian Bodewig from the World Bank Group explains how non-routine skills and competences not yet possessed by machines become increasingly relevant.

France takes the lead on conflict prevention

While armed conflicts are on the rise around the world, Paris launched a new strategy for prevention, resilience and sustainable peace in developing countries, on 13 June. EURACTIV.fr reports.
Economy & Jobs 17-04-2018

European Parliament sounds the alarm over developing world debt crisis

The number of poor countries facing major debt crises has doubled since 2013, and only 1 in 5 are now considered to be at low risk of crisis. With some countries in the midst of crisis and others on the brink, meeting the Sustainable Development Goals (SDGs) remains a pipe dream, writes Mark Perera.
EU-Africa 28-02-2018

Index insurance trialled in sub-Saharan Africa as part of climate change fight

Since the end of the 2000s, there has been an increase in projects in sub-Saharan Africa to develop index insurance, based on weather indices such as rainfall or temperature. It is intended to help farmers cope with climate change, before droughts sets in. EURACTIV.fr reports
Development Policy 12-09-2017

World Bank: More than reconstruction, post-conflict Syria will need development aid

The economic disorganisation of Syrian society, lost connectivity and destruction of business networks has an impact on GDP 20 times bigger than the destruction of buildings, World Bank officials have told EURACTIV.com.