IMF, World Bank meet as Iran war threatens global economy
Finance officials from around the world will gather in Bangkok this week under the shadow of a widening war in the Middle East, the biggest-ever energy supply shock and rising ...
IMF, World Bank meetings to discuss restoring support for Syria, UN official says
Officials will discuss major steps to restore support for Syria from the World Bank and International Monetary Fund at spring meetings next week, though sanctions remain a major obstacle to ...
Israel-Hezbollah conflict cost Lebanon $8.5 billion, World Bank says
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 ...
Mass claim from 2013 haircut victims dismissed at World Bank
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 ...
Another scandal at the World Bank
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, ...
World Bank estimates Feb. 6 earthquakes caused $34.2 bln in damage in Turkey
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, ...
World Bank to help with Akamas tourism plan
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 ...
World Bank to lend $500 million to help Brazil meet climate goals
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 ...
Ukraine’s Marchenko to chair IMF, World Bank governing boards in 2023
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 ...
Public’s ‘financial behaviour’ under scrutiny
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 ...
Lies, damned lies, and … the World Bank
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 ...
Government slides on all World Bank indicators
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 ...