wb revises down growth forecasts for philippines malaysia

WB revises down growth forecasts for Philippines, Malaysia

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

Vietnamese economy stays resilient to external shocks: WB

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

Stress test – Necessary exercise to prepare for COVID-19 impacts

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

World Bank Group increases COVID-19 response funding to $14 billion

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.
world bank to launch 12 billion support package for covid 19 response

World Bank to launch $12 billion support package for COVID-19 response

As the COVID-19 has reached more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and economic impacts of the global outbreak. This financing is designed to help member countries take effective action to respond to and, where possible, lessen the tragic impacts posed by the COVID-19.
imf world bank funds ready to fight coronavirus outbreak

IMF, World Bank funds ready to fight coronavirus outbreak

The International Monetary Fund and World Bank are ready to provide countries in need with immediate emergency funding to fight the coronavirus outbreak, a spokesman said on Thursday (Feb 27).
ifc increases trade finance limits to support vietnamese businesses amid covid 19

IFC increases trade finance limits to support Vietnamese businesses amid COVID-19

IFC, a member of the World Bank Group, has increased trade finance limits for Vietnamese banks as a rapid response initiative to address, in advance, potential trade finance challenges triggered by the outbreak of the novel coronavirus, known as COVID-19.
world bank aid leakage may flow to tax havens study

World Bank aid 'leakage' may flow to tax havens: Study

World Bank aid payments to the neediest countries appear to trigger money flows to offshore bank accounts, suggesting funds are siphoned off from the nations they are meant to help, according to a study published on Tuesday (Feb 19).
inclusive policies amid digital transformation

Inclusive policies amid digital transformation

Amid the Fourth Industrial Revolution, Vietnam is boosting efforts and policy reforms to build up a digital economy. Ousmane Dione, country director for the World Bank in Vietnam, writes about the importance of such an economy to future growth.
new world bank strategy to help vietnam scale up solar power

New World Bank strategy to help Vietnam scale up solar power

The World Bank has pointed out several approaches for Vietnam to bidding and deployment of solar projects that will help substantially boost and effectively manage its abundant solar energy resources.
the road to further improve connectivity across vietnam

The road to further improve connectivity across Vietnam

To reach higher levels of prosperity, Vietnam is encouraged to strengthen transport connectivity to seize international trade opportunities, as well as integrate deeper into world markets. Senior transport economist at the World Bank Jen Jungeun Oh explains how this can be achieved.
world bank chief economist announces resignation

World Bank chief economist announces resignation

World Bank chief economist Pinelopi Koujianou Goldberg on Wednesday (Feb 5) announced she will be leaving the institution, according to a letter sent to colleagues and obtained by AFP.
world bank to lower global growth forecast over virus outbreak

World Bank to lower global growth forecast over virus outbreak

The World Bank will revise its global growth forecast downwards due to the new coronavirus, the president of the multilateral lender said on Tuesday (Feb 4), amid fears the epidemic in China will harm global supply chains.
hcm city calls for wbs support to build intl financial centre

HCM City calls for WB’s support to build int’l financial centre

A leader of Ho Chi Minh City on January 17 expressed his hope that the World Bank (WB) will assist Vietnam’s southern economic hub to build an international financial centre.
vpbank receives 2125 million loan from ifc for green projects

VPBank receives $212.5 million loan from IFC for green projects

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has received a $212.5 million package from IFC, a member of the World Bank Group, to boost climate-friendly projects.