#World Bank

The World Bank said on Thursday the ongoing conflict between Israel and Hezbollah has caused $8.5 billion in damage and losses to Lebanon, with final figures expected to be significantly higher ...

An ‘unprecedented mass claim’ of Laiki and Bank of Cyprus depositors and bondholders amounting to US$600 million was dismissed at the International Arbitral Tribunal of the World Bank, the Legal ...

By George M. Georgiou In 2021 the World Bank became embroiled in a scandal involving its flagship publication Doing Business. An independent investigation by the law firm WilmerHale, published in September 2021, ...

The two major earthquakes which hit Turkey on Feb. 6 caused about $34.2 billion in direct physical damage, but total reconstruction and recovery costs facing the country could be twice as high, ...

Agriculture Minister Costas Kadis and Deputy Minister of Tourism Savvas Perdios met with representatives of the World Bank on Thursday, who gave their advice on a potential tourism strategy for ...

The World Bank´s board of directors approved late on Thursday a $500 million project in Brazil to expand sustainability-linked finance and strengthen the private sector’s capacity to access carbon ...

The shareholders of the International Monetary Fund and World Bank on Friday selected Ukrainian Finance Minister Serhiy Marchenko as the next rotating chair of the boards of governors of both ...

The aim is to support responsible lending and responsible borrowing Cyprus’ only credit agency believes that the inclusion of data from the widest range of categories is the only way ...

By George M Georgiou Although the phrase “lies, damned lies, and statistics” is often attributed to Mark Twain, no one can say with certainty where it originated. What we can ...

Cyprus has slipped on all governance indicators compiled by the World Bank, particularly when it comes to the rule of law metric. The World Bank has just published its 2020 data ...