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WB forecasts 5.2% GDP growth for Iran in 2017
Recent World Bank report titled 'Global Economic Prospects', predicted gross domestic product growth for Iran at 5.2 percent in 2017.
WB: Uncertainty over Trump policy clouds global outlook
The World Bank on Tuesday pared back its global growth estimate for 2017, but uncertainty about the economic policies of incoming US president Donald Trump is clouding the outlook.
WB: Iran's foreign debt drops by 64% in 2015
A World Bank report titled 'International Debt Statistics 2017' showed that Iran's debts for 2015 stood at $6.32 billion, which was around 64 percent lower than the figure for 2011 ($17.34 billion).
World Bank Doing Business Report continues to mislead
The World Bank’s Doing Business Report 2017, subtitled ‘Equal Opportunity for All’, continues to mislead despite the many criticisms, including from within, leveled against the Bank’s most widely read publication, and Bank management promises of reform for many years.
WB highlights gas wasted by oil industry flaring
The volume of unwanted gas burnt off in flares by the oil industry has risen in the past five years, according to new World Bank (WB) data, showing that efforts to reduce waste still have a long way to go.
WB shake-up yields only half of $400m savings
The World Bank is set to make net savings that are half the size of a much-touted $400 million target as administrative costs rise on a surge in lending, despite a contentious reorganization pushed through by Jim Yong Kim, its president.
Protesters force ICRC office to close in WB
Palestinian protesters have stormed the office of the International Committee of the Red Cross (ICRC) in the Israeli-occupied West Bank, blaming it inaction in the case of a prisoner now on his 70th day of hunger strike in Israeli detention.
WB: $30b of Iran's frozen assets released
The World Bank said a landmark nuclear deal that Iran signed with the P5+1 last year has already enabled the country to gain access to as much as $30 billion of its assets that had been frozen as a result of the sanctions.
Bangladesh signs $130m WB loan
The Bangladeshi government has signed a $130 million additional financing agreement with the World Bank to scale up support for the recently licensed and new economic zones to attract foreign and domestic investment as well as to create more jobs in the manufacturing sector.
World Bank launches pandemic risk insurance market
New diseases such as Ebola will automatically trigger a $500 million fund to fight back after the World Bank launched the first ever insurance market for pandemic risk.
World Bank trims East Asia growth forecasts
The World Bank trimmed its 2016 and 2017 economic growth forecasts for developing East Asia and Pacific, and said the outlook was clouded by risks such as uncertainty over China's growth prospects, financial market volatility and further falls in commodity prices.
WB: No end in sight for global economic misery
The global growth slowdown has no end in sight as policymakers drag their heels on reforms and a ‘robot revolution’ threatens living standards, the World Bank’s chief economist has warned.
WB announces funding to combat Zika outbreak in Latin America
The World Bank Group announced that it has provided $150 million to help countries in Latin America and the Caribbean to combat the Zika virus outbreak.
World Bank slashes oil price forecast
The World Bank on Tuesday dramatically revised down its forecast for crude oil prices, predicting they would average just $37 a barrel this year and warning commodity markets to brace themselves for the possibility of a much sharper than expected slowdown in emerging economies.
WB: Global economy to accelerate modestly
Weak growth among major emerging markets will weigh on global growth in 2016, but economic activity should still pick up modestly to a 2.9-percent pace, from 2.4 percent growth in 2015, as advanced economies gain speed, according to the World Bank’s January 2016 Global Economic Prospects.

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