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Search Results: 500 results for keyword "World Bank".
Taking lessons on board for an economic jump-start
05-05-2020 14:00
Vietnam’s economy has been seriously hurt by the continuing coronavirus pandemic. Ousmane Dione, the World Bank’s country director for Vietnam, talked with VIR's Thanh Thu about the foundations for the economy to recover, the lessons from the health crisis, and the nation’s prospects after the pandemic ends.
Remittances to experience sharpest decline in history due to COVID-19
24-04-2020 21:58
Global remittances are projected to drop by 20 per cent in 2020 – the sharpest decline in history because of the economic fallout stemming from the COVID-19 pandemic.
ADB approves 1.5-bln-USD loan for Indonesia to curb COVID-19 outbreak
24-04-2020 21:11
The Asian Development Bank (ADB) on April 23 approved a loan of 1.5 billion USD to support Indonesia's efforts to cushion the impacts of COVID-19.
Two key southern waterways logistics corridors proposed with World Bank funding
20-04-2020 18:10
Awaiting the prime minister's approval, the project on developing two key waterway logistics corridors with World Bank funding would give a facelift to shipping infrastructure in the Mekong Delta and Ho Chi Minh City.
Vietjet secures longer repayment timeline on aircraft loan
18-04-2020 16:19
Vietnamese airline Vietjet has announced reaching an agreement with lenders HSBC, Citibank, and the World Bank to delay the repayment of its loans.
IFC works with Vietnam to expand export markets for dragon agricultural products
16-04-2020 13:19
IFC, a member of the World Bank Group, has signed an MoU with the Plant Protection Department of the Ministry of Agriculture and Rural Development to support its efforts to expand export markets for Vietnamese agricultural produce. Improvements in quality will help Vietnamese agricultural products access new high-value markets to increase exports and income for farmers.
A catalyst for digital change
16-04-2020 10:00
There is no time when speed matters more than when a pandemic strikes, and what is unfolding with the COVID-19 pandemic worldwide speaks volumes to this. First detected in China last December, the coronavirus has travelled to almost every country and territory around the world, infecting well over a million people and claiming tens of thousands of lives.
Loan policy a true juggling act
14-04-2020 13:00
The health crisis has led to huge demand for capital for Vietnam to fuel domestic production activities and medical treatment. However, questions arise over how the country can positing itself to access more international loans amid its efforts to control public debts.
WB approves 500 mln USD loan to Philippines
10-04-2020 23:02
The World Bank (WB) said on April 10 that its Board of Executive Directors had approved 500 million USD policy loan to help strengthen the Philippine government's capacity to address disaster risks, respond to and recover from natural disasters, as well as support urgent needs created by the COVID-19 crisis.
Sustained growth can be achieved through reforms
07-04-2020 14:00
With decade-low first-quarter growth, the fast and furious spread of the coronavirus pandemic has prompted high-profile international organisations to revise down their forecasts on Vietnam’s 2020 economic growth which, however, remains far more optimistic than those of regional economies.
First World Bank operations for COVID-19 emergency health support underway
03-04-2020 21:18
The first group of World Bank projects, amounting to $1.9 billion, will assist 25 countries and new operations are moving forward in over 40 countries using the fast-track process.
WB revises down growth forecasts for Philippines, Malaysia
01-04-2020 10:06
The World Bank (WB) has revised down economic growth forecasts for the Philippines and Malaysia due to the adverse impacts of COVID-19 and strict community quarantine.
Vietnamese economy stays resilient to external shocks: WB
31-03-2020 19:00
While Vietnam remains significantly exposed to the COVID-19 outbreak and the ongoing turbulence in the global financial markets, its economy stays resilient to external shocks in the first few months of 2020, according to the World Bank (WB).
Stress test – Necessary exercise to prepare for COVID-19 impacts
30-03-2020 08:00
The impacts of COVID-19 are gradually appearing in many economies as the disease rapidly spreads across the globe. International organisations like the IMF, World Bank, and many financial institutions in the world have critically lowered their forecasts for the global economy and many countries as the PMI (purchasing managers’ index) indicators of many countries are starting to show signs of an incoming recession.
World Bank Group increases COVID-19 response funding to $14 billion
18-03-2020 16:19
The World Bank and IFC’s Board of Directors today approved a $14 billion package of additional fast-track financing to assist companies and countries in their efforts to prevent, detect, and respond to the rapid spread of COVID-19.
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