Tag #World Bank

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fr.allafrica.com

🌐 85% Global Worthiness

Dec 19, 16:12

Okonjo-Iweala Reappointed as WTO Director-General

Ngozi Okonjo-Iweala, the WTO Director-General, was reappointed on November 29th, ahead of schedule at the request of African countries to prepare for the 2026 ministerial conference in Cameroon, showcasing her impactful leadership and the rising influence of African nations.

Okonjo-Iweala Reappointed as WTO Director-General

Ngozi Okonjo-Iweala, the WTO Director-General, was reappointed on November 29th, ahead of schedule at the request of African countries to prepare for the 2026 ministerial conference in Cameroon, showcasing her impactful leadership and the rising influence of African nations.

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Gender Equality

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What factors contributed to Ngozi Okonjo-Iweala's successful reappointment and its timing?

Okonjo-Iweala's reappointment reflects her impactful leadership at the WTO and her extensive experience in finance and international affairs. Her previous roles as Nigeria's Finance Minister and World Bank Managing Director, coupled with her involvement in various global initiatives, contributed to this success. The early reappointment underscores the importance of facilitating the upcoming ministerial conference.

aljazeera.com

🌐 85% Global Worthiness

Dec 15, 16:12

World Bank to Vote on Controversial Tajikistan Dam Project

The World Bank is set to vote on December 17 on financing Tajikistan's $5 billion Rogun Dam, a project that risks displacing over 60,000 people and causing significant environmental damage to the Amu Darya River and Aral Sea basin. Despite concerns about human rights abuses and environmental impacts...

World Bank to Vote on Controversial Tajikistan Dam Project

The World Bank is set to vote on December 17 on financing Tajikistan's $5 billion Rogun Dam, a project that risks displacing over 60,000 people and causing significant environmental damage to the Amu Darya River and Aral Sea basin. Despite concerns about human rights abuses and environmental impacts...

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Clean Water and Sanitation

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What are the immediate human rights and environmental consequences of the World Bank's potential approval of the Rogun Dam project in Tajikistan?

The World Bank will vote on December 17 on financing Tajikistan's $5 billion Rogun Dam. If approved, this project, initiated in the 1970s to address energy shortages, will displace over 60,000 people and cause significant environmental damage, impacting downstream communities and ecosystems in Tajikistan, Afghanistan, Turkmenistan, and Uzbekistan. The project raises concerns about human rights abuses in Tajikistan, where dissent is suppressed and affected communities fear protesting.

t24.com.tr

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Dec 13, 01:12

Turkey's 2025 Budget: Healthcare Spending Skewed Towards Private Hospitals

Turkey's 2025 budget allocates 10% (104.6 billion TL) of the Health Ministry's budget to 18 city hospital operators, while preventative care receives only 26.8%, highlighting skewed priorities and reliance on international loans for vaccine production.

Turkey's 2025 Budget: Healthcare Spending Skewed Towards Private Hospitals

Turkey's 2025 budget allocates 10% (104.6 billion TL) of the Health Ministry's budget to 18 city hospital operators, while preventative care receives only 26.8%, highlighting skewed priorities and reliance on international loans for vaccine production.

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Good Health and Well-being

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What is the most significant impact of the 2025 Turkish budget allocation on the public healthcare system?

"2025 Turkey's budget allocates 10% (104.6 billion TL) of the Health Ministry's budget—14.7% of its treatment budget—to 18 companies operating city hospitals. This contrasts sharply with the 85% allocated to the remaining 925 public hospitals. The Social Security Institution (SGK) pays private hospitals three times more per patient than public hospitals.", "The budget's emphasis on city hospitals and private healthcare, despite their higher costs, reveals a systemic prioritization of profit over public health. This is exemplified by the insufficient funding for preventative care (26.8% of the budget, or 3160 TL per person, insufficient for even a single dose of HPV vaccine).", "The World Bank's 250 million dollar loan for vaccine production highlights a critical healthcare deficiency: Turkey's reliance on foreign funding for essential services, despite once having a robust public health institute. This underscores long-term challenges of access and affordability."

bbc.com

🌐 85% Global Worthiness

Dec 11, 01:09

US Provides $20 Billion to Ukraine from Seized Russian Assets

The US has transferred $20 billion to a World Bank fund for Ukraine, using seized Russian assets to cover costs, while the incoming administration's position on future aid remains uncertain.

US Provides $20 Billion to Ukraine from Seized Russian Assets

The US has transferred $20 billion to a World Bank fund for Ukraine, using seized Russian assets to cover costs, while the incoming administration's position on future aid remains uncertain.

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Peace, Justice, and Strong Institutions

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What is the immediate impact of the $20 billion US aid package to Ukraine, and what are its limitations?

The US has provided $20 billion to Ukraine, funded by seized Russian assets. This is part of a larger $50 billion G7 commitment. The funds, channeled through the World Bank, cannot be used for military purposes, unlike the administration's initial hope.

taz.de

🌐 85% Global Worthiness

Dec 8, 22:07

World Bank's IDA Secures Record $100 Billion for Climate and Poverty Reduction

The World Bank's IDA received $23.7 billion in pledges from 59 countries for its three-year funding cycle, totaling $100 billion with other sources, exceeding past records, but falling short of African nations' $120 billion request; the funds will support climate action and poverty reduction in 78 l...

World Bank's IDA Secures Record $100 Billion for Climate and Poverty Reduction

The World Bank's IDA received $23.7 billion in pledges from 59 countries for its three-year funding cycle, totaling $100 billion with other sources, exceeding past records, but falling short of African nations' $120 billion request; the funds will support climate action and poverty reduction in 78 l...

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No Poverty

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How does the funding level compare to previous allocations and stated needs, and what factors contributed to the final amount?

This funding demonstrates increased participation from emerging economies like China and Saudi Arabia, alongside traditional donors. However, the $100 billion falls short of the $120 billion requested by African nations, highlighting ongoing disparities in global development aid. The funding's success also underscores the growing recognition of climate change as a critical development challenge.

abcnews.go.com

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Dec 5, 10:09

Afghanistan Economy Shows Modest Growth Amidst Trade Deficit and Potential Women's Education Ban

Afghanistan's economy shows modest 2.7% growth in 2023-24, driven by private consumption and falling food prices, but a widening trade deficit and a potential ban on medical training for women threaten long-term stability and development.

Afghanistan Economy Shows Modest Growth Amidst Trade Deficit and Potential Women's Education Ban

Afghanistan's economy shows modest 2.7% growth in 2023-24, driven by private consumption and falling food prices, but a widening trade deficit and a potential ban on medical training for women threaten long-term stability and development.

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What is the immediate impact of Afghanistan's economic growth, considering the trade deficit and potential risks?

Afghanistan's economy grew by 2.7% in 2023-24, driven by private consumption and falling food prices, gradually improving household welfare. However, a widening trade deficit due to increased imports poses a risk to stability. The World Bank recommends supporting the private sector and women entrepreneurs for long-term growth.

t24.com.tr

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Dec 18, 16:15

Turkey's \$512 Billion Debt: Mismanagement and Waste Criticized

CHP Kocaeli MP Mühip Kanko stated that Turkey's \$512 billion gross external debt in the first half of 2024, placing it among the top five most indebted countries globally, resulted from the AKP government's mismanagement of public funds and wasteful spending.

Turkey's \$512 Billion Debt: Mismanagement and Waste Criticized

CHP Kocaeli MP Mühip Kanko stated that Turkey's \$512 billion gross external debt in the first half of 2024, placing it among the top five most indebted countries globally, resulted from the AKP government's mismanagement of public funds and wasteful spending.

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Reduced Inequality

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What are the immediate economic and social consequences of Turkey's high external debt, as highlighted by CHP MP Kanko?

Turkey's gross external debt reached \$512 billion in the first half of 2024, placing it among the top five most indebted nations globally. This debt, according to CHP Kocaeli MP Mühip Kanko, reflects mismanagement of public funds and wasteful spending, harming citizens struggling with inflation and unemployment while enriching a select few.

dw.com

🌐 75% Global Worthiness

Dec 13, 16:12

World Bank Recommends Fiscal and Pension Reforms for North Macedonia

The World Bank proposes a VAT increase to 19%, eliminating preferential rates, and pension reforms including gradually raising the retirement age and contribution rates for North Macedonia to address its high fiscal deficit (exceeding 62% of GDP) and unsustainable pension system.

World Bank Recommends Fiscal and Pension Reforms for North Macedonia

The World Bank proposes a VAT increase to 19%, eliminating preferential rates, and pension reforms including gradually raising the retirement age and contribution rates for North Macedonia to address its high fiscal deficit (exceeding 62% of GDP) and unsustainable pension system.

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Reduced Inequality

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Why has the World Bank's previous strategy of using economic growth to reduce fiscal imbalances failed in North Macedonia?

North Macedonia's fiscal deficit exceeds that of comparable Western Balkan countries, with debt exceeding 62% of GDP. The World Bank's proposed measures aim to address this by improving tax collection, public spending efficiency, and budgetary discipline, essential for maintaining its EU accession path. The current strategy of relying on economic growth to reduce fiscal imbalances has proven insufficient.

t24.com.tr

🌐 85% Global Worthiness

Dec 12, 13:11

World Bank Approves \$1.2 Billion in Funding for Turkey

Turkey received nearly \$1.2 billion in World Bank funding this month for infrastructure, healthcare, and agricultural projects, part of a larger \$7.7 billion in external financing secured this year, signaling confidence in Turkey's economic program.

World Bank Approves \$1.2 Billion in Funding for Turkey

Turkey received nearly \$1.2 billion in World Bank funding this month for infrastructure, healthcare, and agricultural projects, part of a larger \$7.7 billion in external financing secured this year, signaling confidence in Turkey's economic program.

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No Poverty

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What are the key projects funded by the World Bank's \$1.2 billion allocation to Turkey, and what are their immediate impacts?

Turkey secured nearly \$1.2 billion in external financing from the World Bank this month, allocated to key infrastructure, healthcare, and agricultural projects. This funding will support the development of Eastern Turkey's Middle Corridor railway, bolster public health emergency preparedness, and improve the agricultural sector in the earthquake-affected region. These projects aim to improve infrastructure, public health and boost the agricultural sector in the earthquake zone.

fr.allafrica.com

🌐 75% Global Worthiness

Dec 11, 19:12

World Bank Approves $200 Million for Togo's Development Reforms

The World Bank approved a $200 million grant to support Togo's ambitious reforms for sustainable and inclusive development, focusing on agriculture, rural electrification, climate change, human capital, and fiscal space, aligning with the government's 2025 roadmap and emergency plan for the Savanes ...

World Bank Approves $200 Million for Togo's Development Reforms

The World Bank approved a $200 million grant to support Togo's ambitious reforms for sustainable and inclusive development, focusing on agriculture, rural electrification, climate change, human capital, and fiscal space, aligning with the government's 2025 roadmap and emergency plan for the Savanes ...

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Zero Hunger

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What immediate impacts will the World Bank's $200 million grant have on Togo's agricultural sector and rural electrification?

The World Bank approved a $200 million IDA grant to support Togo's reforms in agriculture, rural electrification, climate change mitigation, human capital, and fiscal space. This is the second operation supporting sustainable, inclusive, and resilient development in Togo, focusing on improving land tenure security for small farmers, accelerating energy sector reforms, and enhancing social protection.

nrc.nl

🌐 85% Global Worthiness

Dec 7, 01:07

IDA Secures $100 Billion Budget Amidst Shifting Donor Priorities

The World Bank's IDA secured a $100 billion budget for 2025-2027 to fund development projects in 78 impoverished nations, a $7 billion increase from the previous budget, despite decreased contributions from some traditional European donors due to competing budgetary priorities.

IDA Secures $100 Billion Budget Amidst Shifting Donor Priorities

The World Bank's IDA secured a $100 billion budget for 2025-2027 to fund development projects in 78 impoverished nations, a $7 billion increase from the previous budget, despite decreased contributions from some traditional European donors due to competing budgetary priorities.

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No Poverty

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What is the impact of the increased IDA budget, and how does it affect the 78 eligible countries?

"The World Bank's International Development Association (IDA) secured a $100 billion budget for 2025-2027, including $23.7 billion from donor countries, to fund projects in 78 impoverished nations. This represents a $7 billion increase from the previous budget, signifying continued commitment despite shifts in donor priorities.",A2="While donor nations such as Spain and Denmark increased contributions by 40 percent, and Poland doubled its contribution, traditional donors like France, Germany, and the Netherlands are reducing their contributions due to competing budgetary demands, such as increased defense spending. This shift reflects changing global priorities and may influence the allocation of funds.",A3="The increasing contributions from non-traditional donors like Brazil, China, and India will likely reshape IDA's priorities and project selection. Reduced European influence may lead to a decreased focus on certain development issues, while the increased budget could help mitigate potential negative impacts on aid recipients.",Q1="What is the impact of the increased IDA budget, and how does it affect the 78 eligible countries?",Q2="How do shifts in donor priorities, particularly from traditional European donors, influence the allocation of IDA funds and project selection?",Q3="What are the potential long-term consequences of changing donor dynamics on development priorities and aid effectiveness in recipient countries?",ShortDescription="The World Bank's IDA secured a $100 billion budget for 2025-2027 to fund development projects in 78 impoverished nations, a $7 billion increase from the previous budget, despite decreased contributions from some traditional European donors due to competing budgetary priorities.",ShortTitle="IDA Secures $100 Billion Budget Amidst Shifting Donor Priorities"))

taz.de

🌐 85% Global Worthiness

Dec 4, 13:06

World Bank Report Exposes Private Creditor Exploitation, $1.4 Trillion Debt Burden for Developing Nations

The World Bank's 2024 International Debt Report reveals that private creditors withdrew $141 billion more from developing nations than they invested since 2022, resulting in a $1.4 trillion debt service burden in 2023, tripling interest rates for the 26 poorest countries and diverting funds from cru...

World Bank Report Exposes Private Creditor Exploitation, $1.4 Trillion Debt Burden for Developing Nations

The World Bank's 2024 International Debt Report reveals that private creditors withdrew $141 billion more from developing nations than they invested since 2022, resulting in a $1.4 trillion debt service burden in 2023, tripling interest rates for the 26 poorest countries and diverting funds from cru...

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What is the immediate impact of private creditors withdrawing significantly more funds from developing nations than they invested?

The World Bank's 2024 International Debt Report reveals that private creditors withdrew nearly $141 billion more from developing nations than they invested since 2022, leaving developing countries with a $1.4 trillion debt service burden in 2023. This has led to a tripling of interest rates for the 26 poorest countries, diverting funds from crucial sectors like education and healthcare.

Showing 49 to 60 of 62 results