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World Bank commits £9.4bn in aid to help poor countries in virus fight

THE WORLD Bank has committed $12bn (£9.4bn) to help developing countries cope with the spread of coronavirus. The aid package includes technical assistance as well...
Toy Soldier in Middle East

Tepid growth forecast in World Bank’s 2020 report

THE WORLD Bank forecasts a slight increase in global economic growth for 2020. But the operative word is “slight”: the bank’s prediction is for expansion...
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World Bank believes e-commerce brings tangible rewards in China

E-COMMERCE can flourish in developing countries and in rural areas to create employment opportunities, according to research released by the World Bank and the...
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Brazilian meeting shines light on potential of fintech future

JOSÉ Lino Sepulcri, president of the Espírito Santo Trade Federation, and Gutman Uchôa de Mendonça, the regional director of the association of Brazilian banks...
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World Bank moves to ensure regulation and management of Guyana’s oil, gas reserves

THE WORLD Bank has approved a $20m credit from the International Development Association (IDA) for Guyana’s oil and gas sector. The bank says the money...
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The onus is on business to drive more inclusive trade

In his first speaking engagement as ICC Secretary General, John Denton put the onus on business to help drive transition to a more inclusive...
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Post-crisis restrictions on international banking can blunt growth prospects in developing countries

Growing restrictions imposed on foreign banks operating in developing countries since the 2007/9 global financial crisis are hampering better growth prospects by limiting the...
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Zambia Makes Steady Progress in Financial Inclusion but Many Women Still Excluded

Mary Banda runs a small restaurant in Kamwala market, one of Lusaka’s oldest markets. She uses the proceeds from her business to feed her...

Reducing Risks in Developing Countries is Key to Spur Investment and Growth

A stable business environment, effective regulations, and political stability are among the key drivers of foreign direct investment (FDI) into developing countries, according to...
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Better Global Prospects Yield Favorable Outlook for Developing East Asia Pacific

Projected growth of 6.4 percent provides more space to address longer-term challenges Bangkok, October 4, 2017: Improved global growth prospects and continued strong domestic demand...