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Cloudy Outlook for Growth in Emerging Europe and Central Asia

Cloudy Outlook for Growth in Emerging Europe and Central Asia

Growth in the Emerging Europe and Central Asia (ECA) region remains tepid, with GDP growth for the region expected to be only 1.8 percent in 2014 and improving slightly up to 2.1 percent for 2015, the World Bank said during the 2014 World Bank/IMF Annual Meetings. “The Emerging Europe and Central Asia region is facing […]

AEF – Eurasia Should Make the Most of Its Natural Resources, Says World Bank

AEF – Eurasia Should Make the Most of Its Natural Resources, Says World Bank

ASTANA, May 23, 2014 –Having natural resources does not have to be a curse, it can be a blessing if the countries ensure proper management of revenues from natural resources, invest earnings in building up physical and human capital, and improve institutions, says the World Bank’s in the report “Diversified Development: Making the Most of […]

World Bank sets EUR 750 million budget for Romania under new 2014-2017 program

World Bank sets EUR 750 million budget for Romania under new 2014-2017 program

The World Bank Group Board of Directors discussed today a Country Partnership Strategy (CPS) for Romania for 2014-2017. The new strategy outlines the Bank’s cooperation with the Government of Romania over the next four years. Also today, the Board approved a EUR750 million budget support loan (DPL), the first of a series of such operations […]

Romania’s West Region Is Enhancing Competitiveness and Developing a Smart Specialization Strategy, Assisted by the World Bank

Romania’s West Region Is Enhancing Competitiveness and Developing a Smart Specialization Strategy, Assisted by the World Bank

The World Bank and the Agency for Regional Development – Region West, Romania today hosted a closing-project conference in Timișoara on “Advisory Services on Competitiveness Enhancement and Smart Specialization Policies in the West Region”. About 50 participants attended, representing local entrepreneurs, companies involved in the preparation of the report, the local and national institutions and administration, and […]

World Bank: Men in Eastern Europe and Central Asia are more likely to die prematurely than women

World Bank: Men in Eastern Europe and Central Asia are more likely to die prematurely than women

Men in Eastern Europe and Central Asia are more likely to die prematurely than women, a trend driven by rising levels of chronic diseases connected to alcohol use, poor diets, and smoking. In the region, the number of years of healthy life lost because of ischemic heart disease, or coronary artery disease, increased 18% between […]

World Bank Calls for Europe and Central Asia to move from ‘Brown’ to ‘Green’ Growth

World Bank Calls for Europe and Central Asia to move from ‘Brown’ to ‘Green’ Growth

The economic costs and social impacts of climate change threaten the prosperity of the Europe and Central Asia region.  But well-designed climate action can bring numerous benefits, while also being cost-effective. A set of three World Bank reports launched today in Brussels with the European Commission focus on the ‘here and now’ of policies to fight […]

Yerima Ngama, for caleaeuropeana.ro: There are still efforts to be made in democratizing World Bank and IMF

Yerima Ngama, for caleaeuropeana.ro: There are still efforts to be made in democratizing World Bank and IMF

Nigeria’s Minister of State for Finance,  Yerima Ngama offered an exclusive interview to caleaeuropeana.ro in which he talk about the global economic situation, the main investment opportunities in Nigeria and the country’s relation with Romania. Calea Europeana: Which are the main issues that you have discussed with the officials present here, at the VI Astana Forum? Yerima […]

Historic Goals to End Extreme Poverty Endorsed by World Bank Governors

Historic Goals to End Extreme Poverty Endorsed by World Bank Governors

 The Development Committee on Saturday endorsed the World Bank Group’s goal to end extreme poverty within a generation as “ambitious”, saying that this endeavor by the Bank was a “historic opportunity” to make a difference. The Committee equally confirmed the Group’s vision to promote shared prosperity and added these goals must be achieved without jeopardizing the environment, […]

International Finance Institutions Pledge Increased Collaboration to Accelerate Development of Local Capital Markets

Representatives of seven international finance institutions today (April 18) vowed to increase collaboration and improve coordination to accelerate the development of local capital markets and increase access to local currency finance in emerging markets. Ahead of the 2013 Spring Meetings of the World Bank Group-International Monetary Fund in Washington, D.C., senior officials of the African […]

Jim Yong Kim, World Bank Group President: Within Our Grasp: A World Free of Poverty

Jim Yong Kim, World Bank Group President: Within Our Grasp: A World Free of Poverty

Calling for ambitious new goals to help the most vulnerable, World Bank Group President Jim Yong Kim  today outlined a bold agenda for the global community toward ending extreme poverty by 2030 and promoting shared prosperity to boost the incomes of the poorest 40 percent of the population in each country.   “We are at an auspicious […]

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