#world-bank

#world-bank

Saudi Arabia and Qatar will pay Syria's $15 million debt to the World Bank, aiding the nation's recovery after civil war.

Saudi Arabia and Qatar's payment of Syria's World Bank debt may facilitate vital reconstruction aid.

Global financial turmoil drives urgent discussions among key institutions.

There are concerns about the prioritization of Western interests over vulnerable countries.

IMF's $20 billion debt relief for Argentina aims to support economic reforms amid lengthy challenges.

Bessent criticized the IMF for prioritizing social issues over economic stability.

Treasury Secretary Scott Bessent urges reforms for the I.M.F. and World Bank, emphasizing a return to their core missions amidst current political tensions.

The World Bank and IMF exacerbate the impact of climate disasters in the Global South, particularly in the Caribbean, calling for their abolition.

South Korea and the US are discussing potential tariff reductions in urgent trade consultations this week.

The World Bank upgraded its global economy outlook to 2.6% due to strong growth in the United States, despite challenges like heavy debts and trade barriers.

The World Bank projects China's economy to grow by 4.9% in 2024, urging structural reforms amid ongoing challenges.

Russia's economy classified as high-income by World Bank due to military activity.