Latest News for: World bank report


The subjectivity in numbers

The News International 21 Oct 2021
There was recently an investigation into the involvement of senior World Bank management in data manipulation of the flagship Doing Business report. It appears that over two tenures of World Bank presidents, data was altered to benefit certain countries by inflating their rankings on business climate.

Pride and prejudice of Western powers

China Daily 21 Oct 2021
... list in 2018, when she was the chief executive officer of the World Bank ... China's ranking in the World Bank's 2018 Annual Business Environment Report moved up from the 85th position to the 78th. But China's ranking in the World Bank 2020 annual report surged to the 31st position.

World Bank ranking index under fire after scandal

Asiatimes 20 Oct 2021
... such as Kristalina Georgieva, who was formerly CEO at the World Bank and now heads the International Monetary Fund ... “The main advantage of showing a single rank,” according to a 2005 World Bank staff report, is “as in sports, once you start keeping score everyone wants to win.”.

U.S. Treasury will hold IMF chief accountable for integrity changes -official

Reuters 20 Oct 2021
that when she was World Bank chief executive in 2017, she put "undue pressure" on bank staff to make data changes to boost China's ranking in the now-canceled "Doing Business" report ... to issue a second report on potential misconduct by World Bank staff.

Pakistan facing deep economic crisis. Here's how much financial help it requires

Hindustan Times 20 Oct 2021
In a recent report, the World Bank noted that Pakistan has joined the list of top ten nations with the largest foreign debts ... The World Bank report also pointed out that Pakistan's foreign debt increased by 8 per cent; in June this year, another report revealed that the Imran government had borrowed $442 million from the World Bank.

World Bank to continue cooperation programs with Tunisia 20 Oct 2021
20 (Xinhua) -- World Bank's senior official said Wednesday that the institution is ready to continue the implementation of cooperation programs with Tunisia, reported Tunis Afrique Presse (TAP). World Bank Group's Vice President for the Middle East and North Africa Ferid Belhaj ...

IMF chief economist Gopinath to leave fund, return to Harvard

Live Mint 20 Oct 2021
... that in 2017, as the World Bank's chief executive, she put undue pressure on bank staff to alter data to favor China.

IMF Chief Economist Gita Gopinath to return to Harvard University

Business Line 20 Oct 2021
This led to the creation of the Multilateral Task Force made up of the leadership of the IMF, the World Bank, the World Trade Organisation and the World Health Organisation to help end the pandemic, and the establishment of a working group with vaccine ... RBI Guv to IMF, World Bank.

Vietnam's 2021 GDP growth far below target: PM 20 Oct 2021
Chinh made the remarks when presenting a government report at the ... In a report released late September, the World Bank forecast that Vietnam's economy would grow by 4.8 percent in 2021 before recovering to the pre-pandemic rate of 6.5 to 7 percent from 2022 onward.

World Bank mishandled sexual misconduct charges: report

Manila Standard Today 19 Oct 2021
The report implicated IMF chief Kristalina Georgieva in her former senior role at the World Bank, but the IMF board last week expressed confidence in her and said the report did not conclusively show she "played an improper role." The findings in the sexual harassment ...

8.3-M WB-funded vaccines haven’t arrived in PH yet

Manila Bulletin 19 Oct 2021
Not even half of the coronavirus vaccine doses funded by the World Bank have arrived in the Philippines, the Washington-based multilateral institution reported on Tuesday, Oct ... In a statement, Ndiame Diop, World Bank country director for the ... While the World Bank did not specify ...

Poor Customer Experiences Put $1.9 Trillion in Consumer Spending at Risk Annually, New Qualtrics XMI ...

The Marshall News Messenger 19 Oct 2021
On the other hand, consumers of the pandemic era are least likely to report a bad experience with supermarkets, streaming media services, department stores and fast food restaurants ... Who Reported a ... Bank ... number is an estimate based on study findings and global household consumption numbers from the World Bank.

'This is a matter of survival': Malawi president issues warning on deadly impact of climate crisis

ITV 19 Oct 2021
A World Bank report identifies the former British colony in southern Africa as one of the places most vulnerable to climate change ... We (in the developing world) need that support in order for us to do more solar and wind and hydro power production.".

Senate sub-committee OKs P686-B budget for DPWH

Manila Bulletin 19 Oct 2021
The decision by Senator Juan Edgardo ‘’Sonny’’ M ... DPWH Undersecretary Emil Sidain said the technical plans for the six-contract Bataan-Cavite bridge via Corregidor to be funded by the Asian Development Bank (ADB) are underway ... Marcos also cited a World Bank report that 16 percent of the country’s 5,000 kilometers of roads are in poor condition.

Indian pension system is 40th out of 43 systems on overall Mercer index ranking

Business Line 19 Oct 2021
Healthy pension systems contribute positively towards creating a stable and prosperous economy, as reported by the World Bank ... The report also underlines areas of improvement for the pension system surveyed. In India, the report suggests introducing a minimum level of support for ...