World Bank Report

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Poverty and the psychology of ‘money rain’

Business Day Online 25 Jul 2021

In 2020, many argued the World Bank report that revealed that Nigeria had overtaken India as the World Poverty Capital, considering that India has the most people living in extreme poverty ... According to a report by SafeYouths, a global tracker of crime committed by youths, illicit ...

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Chinese vaccines play vital role in Thailand's battle against COVID-19

People Daily 25 Jul 2021

As the world's largest COVID-19 vaccine supplier, China has provided ... Due to the third wave of the outbreak, the World Bank, in the Thailand Economic Monitor report for July, lowered its 2021 growth forecast for the economy to 2.2 percent, from a projection of 3.4 percent in March.

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World Insights: Chinese vaccines play vital role in Thailand's battle against COVID-19

Sina 25 Jul 2021

Due to the third wave of the outbreak, the World Bank, in the Thailand Economic Monitor report for July, lowered its 2021 growth forecast for the economy to 2.2 percent, from a projection of 3.4 percent in March. Any delay in the scheduled vaccine roll-out could adversely impact domestic mobility, consumption and tourism, the report said.

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A note to university leaders

The News International 25 Jul 2021

In the never-ending quest to improve the ways universities can serve students, that makes it prudent to consider what a World Bank report last year called “great buy” measures, albeit in the context of school education – low cost initiatives that have high impact.

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Tapi riverfront project: SMC approaches Centre for loan from World Bank

Indian Express 24 Jul 2021

The Surat Municipal Corporation made video presentations to the officials of the Department of Economic Affairs of the Ministry of Finance and Urban Development Department to get their approvals for a loan of Rs 1,991 crore from the World Bank for the Tapi riverfront development project.

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Dubai Electricity and Water Authority commissions 3 new substations in Dubai in 2021

Gulf News 24 Jul 2021

The UAE, represented by DEWA, maintained its first global ranking for the third consecutive year in the World Bank’s Doing Business 2020 report ... The UAE, represented by DEWA, has the shortest time in the world for getting electricity according to the World Bank’s report.

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DEWA commissions 3 new substations in Dubai in 2021

Urdu Point 24 Jul 2021

The UAE, represented by DEWA, maintained its first global ranking for the third consecutive year in the World Bank's Doing Business 2020 report ... The UAE, represented by DEWA, has the shortest time in the world for getting electricity according to the World Bank’s report.

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Lebanon, Iraq strike fuel deal

The Hill 24 Jul 2021

Lebanese Energy Minister Raymond Ghajjar estimated that the deal was worth between $300 million and $400 million, Reuters reported ... In a World Bank report in June, the international organization estimated that the country’s economic crisis was likely to be one of the world’s worst in over 150 years, the AP reported.

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UAE institutional investors plan to increase exposure to cryptocurrencies, survey reveals

The National 24 Jul 2021

The world’s largest cryptocurrency rose modestly after Business Insider reported on Thursday that US investment bank JPMorgan Chase will allow all of its wealth management clients access to cryptocurrency funds. The bank told its financial advisers in a memo earlier this week to ...

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Staying inactive may cost customs brokers their licence

Live Mint 24 Jul 2021

Premium Premium Bank of Canada to bring back employees, allow 50% remot .... Cross-border trade has been one of the areas flagged by the World Bank in its ease of doing business reports as an area needing improvements ... The bi-annual survey exclusively deals with trade facilitation measures taken by individual countries, Mint reported on Tuesday.

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‘Sri Lanka’s import regime is one of the most complex and protectionist in the world’ ...

Tamil Guardian 24 Jul 2021

Citing the World Bank, the US State Department‘s Investment Climate report highlights that Sri Lanka’s “import regime is one of the most complex and protectionist in the world”. The World Banks’ Doing Business Index ranked Sri Lanka 99th out of 190 countries and noted that Sri ...

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Why Rwanda Has to Turn to Private Sector for Infrastructure Investment

All Africa 24 Jul 2021

Rwanda needs to significantly mobilise private sector investments in infrastructure to meet development goals in the mid- and long-term, a World Bank report has noted ....

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Transnet cyber attack and unrest unrelated, says minister

Beijing News 24 Jul 2021

Transnet says its technical teams are working around the clock to ensure that impact remains minimal ... Manual operations are still underway in some areas ... READ . Transnet 'cyber attack' ... In a World Bank report issued earlier this year, the Port of Durban was listed as one of the three worst ports in the world - out of 351 ports that were assessed.

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Are we dangerously addicted to Quantitative Easing?

The Spectator 23 Jul 2021

The below graph (taken from the report) shows how the Bank of England’s balance sheet has expanded far beyond historic norms over the past 18 months ... The balance sheets of the European Central Bank (ECB) and advanced country central banks around the world have similarly expanded, and even emerging market countries have gotten in on the act.

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Narrowing the trade finance gap for LDCs

Graphic 23 Jul 2021

Agric innovation, tech, key to poverty reduction in developing countries— World Bank report ... For example, the World Bank’s International Finance Corporation (IFC) stepped forward with $2 billion in funding and risk sharing via its Global Trade Liquidity Programme and Critical Commodities Finance Programme.