HANOI, Vietnam – International Finance Corporation (IFC), a member of the World Bank Group, signed a memorandum of understanding (MoU) with the People’s Committee of Hanoi to support its efforts…
The World Bank (International Bank for Reconstruction and Development or IBRD) has issued two tranches of catastrophe-linked bonds (CAT bonds) in order to provide the Philippines with financial protection of…
Two infrastructure projects in Bangladesh have received USD507m from the World Bank. The two projects will help develop the much-needed infrastructures through building a private sector-led, long-term infra financing platform…
The World Bank has trimmed its growth for Indonesia from 5.3 percent to 5.2 percent this year, citing global uncertainty and rising inflation. In its quarterly report, the bank said…
The World Bank said that a number of factors, including policy uncertainty, will hit global trade growth this year, following a weak trade growth in 2016. A policy paper released…
Mongolia’s economy has been hit hard by a sharp decline in commodity prices and a slump in foreign direct investment and the International Monetary Fund (IMF) is coming in to…
MANILA, PHILIPPINES – The World Bank (WB) cited the financial consumer regulatory environment in the domestic banking system in its “Republic of the Philippines: Diagnostic Review of Consumer Protection in…
