World Bank

World Bank joins IMF in criticism of Ukraine’s anti-corruption draft law

KIEV: The World Bank has joined the International Monetary Fund in criticizing a Ukrainian draft law to create an anti-corruption court, the …

World Bank urges Russia to spend more on healthcare, education

MOSCOW (Reuters) - Russia's new government after its March presidential election should invest more in education and healthcare to help spur economic growth, the World Bank's chief executive officer said on Tuesday.<p>President Vladimir Putin, in power for 18 years, is widely expected to win a further …

Business

India reclaiming place at growth leader after a short period of slowdown, says IMF - Firstpost

<b>New Delhi:</b> After a short period of slowdown in the economy, India is reclaiming its place as a growth leader, first deputy managing director of the …

Economy

Africa:Ghana's Economy Will Top Africa in 2018

Ghana is tipped to lead Africa as the fastest growing economy in 2018 with a growth rate of eight per cent as a result of increased oil and gas …

Economy

Govt Chalks Up $4.2 Billion Debt in Four Months

Kenya has borrowed more than $4.2 billion in the first four months of the current financial year, with a huge chunk of it going into energy, water …

Economy

Government investment in higher education makes sense

The Jan. 10 Style article “It’s been a real education” reported on Sarah Pool’s student loan debt, a too-common issue now. The burden being faced not only by her but also by an untold number of people in similar cases is un-American in my view.<p>To add insult to injury, in the same edition of …

Opinion

News Highlights: Top Financial Services News of the Day

World Bank Unfairly Influenced Its Own Competitiveness Rankings<p>The World Bank's chief economist said it repeatedly changed the methodology of one of its flagship economic reports over several years in ways that were unfair and misleading.<p>Banks Upbeat as Taxes Muddy Earnings<p>JPMorgan Chase & Co. and …

JPMorgan Chase & Co

Bosnia needs faster growth but reforms may lag this year: central bank head

SARAJEVO (Reuters) - Bosnia's economy needs to grow at a faster pace to attain convergence with European Union living standards, but economic reforms may lose momentum this year due to elections, the governor of its central bank said on Monday.<p>Senad Softic said he expected growth to have reached …

Economy

India-Pakistan ties: Are there any realistic possibilities of reviving engagement?

KHOST CITY – It is early morning and girls in their black dresses and white scarves are lined up neatly in the school yard for assembly. After the …

World Economy

WATCH: Policy uncertainty likely to continue in 2018, says World Bank

News Leader<p>WATCH: Policy uncertainty likely to continue in 2018, says World Bank<p>Gerard Kambou, senior economist at the World Bank's Development …

Business (South Africa)

BREAKING: Indonesia's Stock Exchange evacuated after floor collapse

Indonesia’s stock exchange evacuated people from the vicinity after a floor collapsed during the midday trading break.<p>The floor collapsed into the …

Stock Markets

Jakarta stock exchange ceiling collapses

<b>An internal ceiling has collapsed at the Jakarta stock exchange building (IDX), with reports of injuries.</b><p>Images circulating on social media show pieces of ceiling and broken furniture in the lobby of the building amid clouds of dust.<p>It remains unclear how many people have been injured or what …

Jakarta

As World Bank Reviews Ease Of Doing Business Rankings, Will India Be Affected?

Share this:<p>The World Bank’s chief economist has said he will recalculate national rankings of business competitiveness going back at least four years.<p>…

Economics

Africa’s economic outlook is promising for 2018, but there are clouds on the horizon

On the face of it, 2018 is going to be a good year for sub Saharan Africa’s economies. The World Bank forecasts growth of 3.2% for the year, up from 2.4% in 2017. It also predicts slightly higher growth for 2019 of 3.5%.<p>As usual, much of that growth will still rely on improving commodity prices and …

Economy

Why I believe in good times ahead

As per usual, our major news outlets are pedaling beware of recession and market-collapse stories while ignoring the fact that there is a lot of good …

Economy

World Bank economist denies accusations of bias against Chile - media

© Reuters. World Bank economist denies accusations of bias against Chile - media<p>SANTIAGO (Reuters) - A World Bank economist in charge of the lender's …

Chile

The Doing Business Index is being recalibrated

The World Bank repeatedly changed the methodology of one of its flagship economic reports over several years in ways it now says were unfair and …

Economics

Morocco to begin gradual liberalisation of dirham

The North African country has had a fixed exchange rate regime for the dirham since the 1970s. It is pegged to the euro and the dollar.<p>Othmani spoke …

News (South Africa)

World Bank gamed data to make Chile's socialist party look bad

Photo of Augusto Lopez-Claros from his personal website.Photo by Vic Voytek<p>Looking for news you can trust?<br>Subscribe to our free newsletters.<p>Paul …

World Economy

‘Shithole’ is not a diplomatic assessment, but is it so unfair?

As the country — and the world — debates the propriety of President Donald Trump’s referring to other nations as “shitholes,” the unfortunate fact …

Donald Trump

Washington DC is America’s brutal wealth divide in microcosm

A stone’s throw from the World Bank and IMF, people live in tents and makeshift shacks

News (Ireland)

Tax changes help India's trucks drive faster

The new goods and services tax may have created red tape for many businesses but Simon Mundy says it appears to be helping speed up India's logistics.<p>…

Goods and Services Tax

Small Investors Dramatically Increase Stock Holdings

The 11 million customers of discount broker TD Ameritrade accumulated in measured form common stocks, options and fixed income securities and ended 2017 with holdings in line with the gains of the Standard & Poor’s 500 stock index, according to charts Ameritrade provided to <i>Forbes</i>. The TD Ameritrade …

Finance

Fingerprint, iris data in Aadhaar are safe, secure: Law Minister Ravi Shankar Prasad

Law and IT Minister Ravi Shankar Prasad said today that fingerprint and iris data stored in the Aadhaar system are safe and secure and cannot be …

India

World Bank India GDP estimate: Eight reasons why forecast must be taken with a pinch of salt - Firstpost

World Bank estimated that India's GDP is expected to grow at 7.3 percent in 2018-19. The estimates given in Global Economic Prospects (GEP) report …

Economy

ADB Provides Support for Three Infrastructure Projects in Cambodia

UN Environment and WHO agree to major collaboration on environmental health risks<p>Published<p>22 hours ago<p>on<p>January 10, 2018<p>World Bank Helps Bangladesh …

World Economy

South Africa: World Bank Predicts Slight Uptick for SA, Though Growth Still Lagging

analysis<p><i>"A modest recovery" in South Africa's economy for 2018 has been projected by the World Bank. However, policy uncertainty threatens growth in</i> …

Economics

Weekly links Jan 12: Big Thinkers brought down to size, can you beat the World Bank at predicting poverty? Chinese minimum wage rises all get spent, three job openings, and more…

• Duncan Green summarizes Stefan Dercon’s view of 10 top thinkers in development. E.g. on Acemoglu and Robinson “their policy advice is just ‘buy …

Poverty

India to be the world’s fastest-growing major economy for the next three years

GDP growth in India, Asia’s third-largest economy, is set to bounce back to rates exceeding 7% for the next three years, according to the World Bank.<p>It will be a few notches better than China, and miles ahead of other major economies.<p>This is a moment of respite for the Narendra Modi government, …

Business

WORLD BANK: Global growth will peak this year and then decline

Screenshot by Harrison Jacobs/Kaspersky Lab<p><b>Global growth is predicted to peak this year, due to slowing productivity, weak investment and changing demographics, the World Bank said.</b>• <b><br>Prioritizing productivity reforms could be one solution in the face of high employment and aging populations, the</b> …

Economics