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World Bank shareholders back $13b capital increase
The World Bank's shareholders endorsed a $13 billion paid-in capital increase that will boost China's shareholding but bring lending reforms that will raise borrowing costs for higher-middle-income countries, including China.
WB Group targets infrastructure investment gap
A World Bank Group initiative is beginning to unblock one of the most stubborn bottlenecks in global finance by steering funds under asset management — particularly in the insurance sector — towards emerging market infrastructure projects.
World Bank takes new approach to shine light on wealth of nations
More than two dozen countries saw their wealth per capita fall in the 20 years to 2014, according to the most comprehensive attempt so far to produce a ‘balance sheet’ of nations’ assets.
WB: Global wealth grows while inequality persists
Global wealth grew significantly over the past two decades while wealth inequality persists, a latest report released by the World Bank (WB).
World Bank sets spring 2018 target to enhance financial capacity
The World Bank Group is aiming to develop new measures to enhance its financial capacity and have its board decide on them at its next spring meetings in April 2018, a spokesman for the institution said.
Iran's minister in Washington to attend World Bank, IMF meeting
Iran's Minister of Economic Affairs and Finance Masoud Karbasian arrived in Washington at the head of a delegation to attend the 2017 Annual joint meeting of the World Bank Group and International Monetary Fund (IMF).
WB must stop encouraging harmful tax competition
One of the 11 areas that the World Bank (WB)’s Doing Business (DB) report includes in ranking a country’s business environment is paying taxes. The background study for DB 2017, Paying Taxes 2016 claims that its emphasis is “on efficient tax compliance and straightforward tax regimes”.
World Bank chief sounds alarm over job automation
The world is on a ‘crash course’ as people's hopes collide with a future in which millions of jobs are automated, the World Bank chief has said.
WB raises 2017, 2018 East Asia growth forecasts
The World Bank (WB) raised its economic growth forecasts for developing East Asia and Pacific for this year and 2018, but added the generally positive outlook was clouded by risks such as rising trade protectionism and geopolitical tensions.
World Bank sees South East Asian currency risk (Video)
Malaysia, and to a lesser degree Indonesia, Thailand and the Philippines, remain more exposed to exchange rate risk than other developing economies in East Asia and the Pacific as global financial conditions tighten, the World Bank said. World Bank Chief Economist East Asia and Pacific Sudhir Shetty spoke on ‘Bloomberg Markets’.
WB urges Indonesia to double investment in infrastructure
The Indonesian government needs to double spending on infrastructure to $500 billion in five years, a top official of the world bank said.
World Bank projects Iran's 2017 growth rate at 4%
World Bank, in its June 2017 Global Economic Prospects report, projected four percent growth rate for Iran in 2017.
WB warns of China debt risk from backdoor local borrowing
The World Bank (WB) has warned that Chinese local governments remain addicted to off-budget borrowing, despite Beijing’s efforts to impose fiscal discipline on localities and curb ballooning debt.
WB plays down prospect of €3b Greek loan
The president of the World Bank (WB) has dampened the prospect of handing billions of euros to Greece to boost jobs and growth as he signaled that securing board approval would be difficult.
WB, Kenya to partner to improve maternal health
Kenya and the World Bank will partner to roll out a project to improve maternal, child and adolescent health, Kenyan officials said.

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