England advance to World Cup last 16 after hammering Wales 3-0
England set up clash with Senegal in the knockout phase courtesy of second-half brace by Marcus Rashford.England have advanced to the World Cup’s last 16 with a dominant 3-0…
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World Bank
Goal of ending extreme poverty by 2030 out of reach
Effects of COVID pandemic and war in Ukraine make it unlikely for the world to eradicate extreme poverty by decade’s end, World Bank says.The world is unlikely to meet a…
US court backs Conoco’s $8.7bn award for seized Venezuelan assets
Judge’s ruling upholds a 2019 decision by the World Bank awarding billions to US oil giant over asset expropriation.A United States court has upheld an international tribunal’s…
Bangladesh turns to ADB, World Bank for funds: Report
It is seeking $1bn from each lender as the economy is buffeted by energy price shocks from the Ukraine war.By Arun DevnathBloombergPublished On 3 Aug 20223 Aug 2022Bangladesh is…
South Africa to get $474m World Bank loan for COVID vaccines
South Africa has recorded the most coronavirus cases and deaths on the African continent.The World Bank has approved a loan of 454.4 million euros ($474.4m) to help South Africa…
IMF, World Bank warn of ‘huge buildup of debt’ in poorest nations
Rising interest rates are squeezing the world’s poorest nations, already struggling with COVID-19 and high food prices.The heads of the International Monetary Fund (IMF) and the…
Sri Lanka seeks another $1bn from India: Report
New credit line will be used to pay for imports of essential items such as rice, wheat flour, pulses, sugar & medicine.Sri Lanka has sought an additional credit line of $1bn…
World Bank approves $1bn to fund urgent needs in Afghanistan
Funds will be disbursed through UN and aid agencies, bypassing the Taliban, to ease worsening humanitarian crisis.The executive board of the World Bank has approved a plan to use…