Latest news and articles about World Bank from NEX English
Indonesian Finance Minister Sri Mulyani Indrawati has stated that the World Bank's predictions for Indonesia's economic growth are inaccurate. During a press conference in Jakarta, she highlighted the challenges and opportunities facing the Indonesian economy.
The World Bank has confirmed that Malaysia does not require an economic stimulus package amid the ongoing Middle East crisis, citing stable inflation rates in the country. This statement was made by the bank's chief economist, Apurva Sanghi, during a press conference in Kuala Lumpur.
The World Bank report indicates that Indonesia retains sufficient financial space as the government decided to keep subsidized fuel prices unchanged until the end of 2026, despite ongoing increases in global oil prices. This decision comes amid escalating tensions between the United States and Israel on one side and Iran on the other.
The World Bank reports that emerging and developed economies in Europe and Central Asia are facing a significant slowdown this year due to rising energy prices stemming from the conflict in the Middle East. This situation is negatively impacting economic growth in many countries.
The World Bank has reported that economic growth in the Middle East is expected to slow to <strong>1.8%</strong> next year, warning of the negative impact of the Iranian war on the region's economic stability.
The World Bank announced the restructuring of the 'Water Efficiency Project in Jordan' aimed at improving water resource management and enhancing its efficiency in the kingdom. This initiative comes as Jordan faces significant challenges in the water sector.
Yemen is looking for initiatives from the World Bank and the International Monetary Fund to alleviate the impact of the ongoing war on energy prices. These steps are crucial given the difficult economic conditions the country is facing.
Yemeni Prime Minister, Maeen Abdulmalik, met with World Bank Vice President, Mirza Hassan, in Aden to discuss enhancing economic cooperation amid significant challenges facing Yemen. This meeting highlights the urgent need for international support during a critical period.
The World Bank announced today its plans to provide financial and technical support to countries most affected by the repercussions of the U.S.-Israeli war on Iran. This initiative aims to address the escalating economic challenges faced by these nations.
The World Bank has warned that Mozambique's current economic trajectory threatens a massive $50 billion gas project, highlighting concerns over excessive debt-driven spending. This warning comes at a critical time as the Mozambican government heavily relies on such projects to boost its struggling economy.