LONDON (Reuters) – Ghana’s debt restructuring plans are set to test a $400 million WorldBank guarantee which was designed to provide extra security if the West African country failed to pay ... “This is a highly protected instrument that was issued with the logic that Ghana would never default on the World Bank,” Gulati said.
“An amount of $30 billion is needed to start recovery from floods while altogether, $348 billion is needed according to the WorldBank’s new Country and ClimateDevelopmentReport for Pakistan,” the minister said ... “On World Aids Day today, let us all vow to end the stigma attached to HIV,” the PM said in a tweet.
Asia's third largest economy is on track to receive more than $100 billion in yearly remittances in 2022, according to a WorldBank report published Wednesday ... Over the last few years, the World Bank report said, Indians have moved to high-skilled jobs in high-income countries ...
... the WorldBank said Wednesday ... “Downside risks remain substantial, including a further deterioration of the war in Ukraine, volatile oil prices and currency exchange rates, and a deeper-than-expected downturn in major high-income countries,” said the World Bank in its report.
... the WorldBank said Wednesday ... 'Downside risks remain substantial, including a further deterioration of the war in Ukraine, volatile oil prices and currency exchange rates, and a deeper-than-expected downturn in major high-income countries,' said the World Bank in its report.
PNGBanks bemoan new sector tax. Two major commercial banks in Papua New Guinea have spoken out against a new 45 percent tax on the banking sector imposed in the 2023 Budget... The Post-Courier reports him saying that PNG banks will now be subject to one of the highest tax rates in the world.
... seconds, according to a report released by the WorldBank ... Though the country is already deploying new strategies to help people adapt to rising temperatures as per (ICAP), the World Bank report proposes a roadmap to support the plan's new investments in three major sectors.
The WorldBank estimates that the floods in Pakistan caused more than $30 billion in damage, while rehabilitation and reconstruction will cost another $16 billion ... According to the World Bank’s report, “Loss of household incomes, assets, rising food prices, and disease outbreaks are impacting the most vulnerable groups.
Low-carbon cooling in India could be a more than $1.5 trillion investment opportunity over the next two decades, as the country grapples with severe heat waves at an “alarming frequency,” according to a joint report from the WorldBank and several environmental consulting groups.