Latest News for: World debt

Edit

Debt and climate back on IMF, WB spring meetings’ agenda

Dawn 16 Apr 2024
“There’s the climate crisis, debt, food insecurity, pandemics, fragility, and there is clearly a need to accelerate access to clean air, water and energy,” World Bank head Ajay Banga said during a recent live-streamed press conference.
Edit

UN CHIEF CALLS FOR REFORM OF GLOBAL FINANCIAL ARCHITECTURE, PARTICULARLY WITH REGARD TO DEBT

Malaysian National News Agency 16 Apr 2024
WORLD. UN CHIEF CALLS FOR REFORM OF GLOBAL FINANCIAL ARCHITECTURE, PARTICULARLY WITH REGARD TO DEBT ... The world cannot afford to continue throwing developing countries' plans and futures onto a raging bonfire of debt, said Guterres.
Edit

IMF, World Bank kick start spring meetings

Kuna 16 Apr 2024
The IMF and the World Bank spring meetings hosted the 2024 Global Parliamentary Forum (GPF), where they discussed issues regarding climate change, debts, and financial developments Co-organized by the ...
Edit

Japan encouraged to seize BRI opportunities

China Daily 16 Apr 2024
Data from the World Bank showed Western commercial and multilateral institutions hold two-thirds of the debt obligations of low- and middle-income countries in the next seven years, while China only accounts for 14 percent of such debts.
Edit

Column: Are Republicans who got pandemic debt relief hypocrites for complaining about student debt relief? Yes

The Los Angeles Times 16 Apr 2024
You may have noticed over the last few days that the political world is in an uproar over President Biden's dispensing of student debt relief ... The overall average of student debt reached $37,600 in 2022, more than double the average in 2007.
Edit

China's GDP growth hits 5.3% in Q1-2024 - and that's higher than expectations

Gulf News 16 Apr 2024
China's economy has struggled to mount a strong and sustainable post-Covid bounce, burdened by a protracted property downturn, mounting local government debts and weak private-sector spending.
Edit

Pacific news in brief for April 16

RNZ 16 Apr 2024
There's concern over a cryptocurrency bill before the Cook Islands Parliament which could be used to hack into systems around the world ... He said the legislation essentially validates carrying out criminal activities in any part of the world.
Edit

Qatar's real GDP growth forecast at 2.1% this year, 3.2% in 2025: World Bank

Gulf-Times 15 Apr 2024
Qatar's real GDP growth has been forecast at 2.1% this year and 3.2% in 2025, World Bank said in its latest update Monday.The country’s debt to GDP stood at 42.4% in 2022 and 41.4% in 2023, World Bank ...
Edit

Spring Meetings open in Washington as uncertainty hangs over global economy

The National 15 Apr 2024
While the world is expected to see a “marginally stronger” economic outlook in 2024, Ms Georgieva said it will still be historically weak amid weakening productivity, rising debt levels and a depletion of fiscal buffers.
Edit

What does increasing national economic debt mean for the U.S. and the world?

Business Journal 15 Apr 2024
An apocryphal World War II-era quote credited to a German Tiger I tank commander says, “I could ...
Edit

W’Bank: Fiscal Balances Improving on Consolidation Measures in Nigeria, Others

This Day 15 Apr 2024
The World ... For the region, the World Bank said growing debt service obligations are creating liquidity problems and crowding out development spending ... However, the risk of debt distress remains high.
Edit

World Bank sounds alarm over poverty as income gap widens

Business Day 15 Apr 2024
Washington — Half of the world’s 75 poorest countries are experiencing a widening income gap with the wealthiest economies for the first time this century in a historical reversal of development, the World Bank said in a report on Monday.
Edit

Covid made poorest countries even worse off says World Bank

GDN Online 15 Apr 2024
Half of the world’s 75 poorest countries are experiencing a widening income gap with the wealthiest economies for the first time this century in a historical reversal of development, the World Bank said in a report yesterday.
×