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World Bank
BRICS Banknotes: A new era of global unity and economic power
The new 50 and 100 BRICS banknotes were recently introduced by the New Development Bank (NDB), in a bold move that confirms its dedication...
“$486 billion” – G7 demands war reparations from Russia, freezes assets
Leaders of the Group of Seven (G7) countries said at a summit in Italy that Moscow must pay Kyiv $486 billion for damage allegedly...
“Severe recession”: the specter of “total war” looms over the global...
When the war between Israel and Hamas in the Gaza Strip broke out on the seventh of October last year, the business and investor...
Brazil’s President Highlights Disparities in IMF and World Bank’s Global Roles
In a recent address at the UN General Assembly, Brazil's President, LuÃs Inácio Lula da Silva, expressed deep concerns about the International Monetary Fund...
Brics Summit: A Futile Pursuit? The Idea of a Common Currency...
Johannesburg, South Africa (TEH) - The idea of a common currency for the BRICS nations (Brazil, Russia, India, China, and South Africa) has been...
World Bank lowers forecast for Middle East economies in 2023
In its Global Economic Outlook report, the World Bank attributed the decline, saying the Middle East and North Africa region started 2023 with...
The World Bank warns… The shadow of financial risks hangs over...
The bank revised that forecast at its spring meetings to 2%, according to David Malpass, former president of the World Bank. The bank...
World Bank offers $300 million to help the poor in Lebanon
The new funding comes two years after the World Bank approved a $246 million loan to provide emergency financial assistance to hundreds of thousands...
“Dead Alive”…Lebanese describe their lives as “below the poverty line”
Below the poverty line, the Issa family lives in northern Lebanon. Its members are deprived of the basic necessities of life. They wait for...
World Bank. Debt will lead to severe decline in growth in...
Malpass said: "Global development is facing enormous challenges such as high inflation and high interest rates, in addition to very high levels of debt,...
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Just In
The economic impact of online casinos on small nations
The rise of online casinos has significantly impacted the economies of small nations, offering new revenue streams and generating job opportunities. These digital platforms...
Israeli Knesset rejects inquiry into October 7 attacks, fuels tensions
The proposal to establish a state investigation commission into the October 7, 2023 attacks in Israel and subsequent negligence was rejected in a vote...
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