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World Bank Group

World Bank Group latest

Foreign debt rose by just four percent
October 3rd, 2019 - 10:30 GMT

Developing Nations Foreign Debt Soars to $7.8 Trillion in 2018

Total foreign debt held by developing nations jumped more than five percent to $7.8 trillion, driven by a surge in Chinese debt, the World Bank said in a report on Wednesday. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-7…","video_id":"7c2e50c8-9b5c-4163-9815-21d6d268309b","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 Countries with the Highest Risk of Money Laundry"} But the data show an increasing share of countries where the debt burden is rising, according to the International Debt Statistics Report. A growing appetite for yuan-denominated debt was ...
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Razzaz underscored that this soft loan is the largest the Kingdom has ever received from the World Bank. (Shutterstock)
January 13th, 2019 - 10:03 GMT

World Bank to Loan Jordan $1.2 Billion at Low Interest Rates

Kim, who had served in the role since 2012, announced on Monday that he would leave his post well ahead of his term's expiration at the end of 2021, reports CNN. (Shutterstock)
January 8th, 2019 - 08:08 GMT

World Bank President Resigns to Join Private Firm

Amman, Jordan (Twitter)
November 6th, 2018 - 10:14 GMT

World Bank Agrees to $10M for Jordan's Small Businesses

Aleppo, June, 2016. (AFP / Thaer Mohammed)
September 20th, 2018 - 02:47 GMT

UNICEF Estimates 6.3M Children Died in 2017, a Kid Every 5 Seconds

Saudi Arabia has committed to significant changes to its economy and society as part of its Vision 2030 reform plan. (Shutterstock)
August 15th, 2018 - 09:11 GMT

Report: Arab Countries Need to Focus on Entrepreneurial Potential and Youth

UAE is ranked as the 17th most competitive country globally. (Shutterstock)
August 15th, 2018 - 07:28 GMT

Report: UAE Economy Ranks First as The Most Competitive Economy in MENA

Lebanese economy situation is fragile and needs a new phase of reforms. (Shutterstock)
August 7th, 2018 - 10:43 GMT

Lebanese Pound Stable Despite Fragile Economy

Arif Naqvi, Founder of Abraaj Group. (AFP)
August 6th, 2018 - 11:06 GMT

Abraaj Group Considers Splitting North Africa Fund From Parent Compan

The WB already extended $250 million to the Kingdom last week as the first part of the $500 million financing. (Shutterstock)
July 31st, 2018 - 10:03 GMT

World Bank to Disburse $250 Million to Jordan in August

The international Red Cross leader called for immediate political solution for Rohingya crisis in Mynamar. (AFP/File photo)
July 3rd, 2018 - 01:33 GMT

IRC Say Only 'Inclusive Political Solutions' Would Solve Rohingya Crisis

Ferid Belhaj new Vice President for the region at the World Bank.
July 2nd, 2018 - 10:26 GMT

New Vice President for MENA Announced by World Bank

The financing seeks to support Jordan to promote inclusive economic growth, create more jobs, and expand the National Aid Fund cash transfer programme to cover an additional 85,000 household. (Shutterstock)
June 28th, 2018 - 11:53 GMT

Jordan Gets $500 Million From the World Bank to Support Economic Reforms

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