AIIB Support Helps Keep Russia’s Railways on Track
To help alleviate the temporary liquidity constraints caused by the decline of long-haul passenger transportation and deferred client payments against the backdrop of the...
OECD announces candidates for next Secretary-General
The OECD today issued an official list of candidates nominated by Member countries for the position of Secretary-General of the Organisation. The OECD Council...
COVID-19: Remittance Flows to Shrink 14% by 2021
As the COVID-19 pandemic and economic crisis continues to spread, the amount of money migrant workers send home is projected to decline 14 percent...
First FIN-SMART Roundtable on Financing Sustainable Maritime Transport
More than 50 leaders from the financial, public and private sectors participated in the first “Financing Sustainable Maritime Transport (FIN-SMART) Roundtable” on 27 October....
New Initiative to Improve Sustainability of Indonesia’s Fisheries
The World Bank in partnership with the Government of Indonesia has launched the Coastal Fisheries Initiative Challenge Fund. With financing of USD$1 million from...
Global foreign direct investment halved amid pandemic, but China remained resilient
Foreign direct investment (FDI), a bellwether of globalisation and economic confidence, fell by 49 per cent to $399 billion in the first half of 2020,...
Digital transformation in Brazil could reinforce economic recovery from COVID-19 crisis
Brazil has made significant progress in improving Internet access, digital security and regulation, yet more needs to be done to reduce the country’s digital...
World Bank Group Sanctions Two Chinese Engineering Companies for 18 months
The World Bank Group today announced the 18-month sanctions of China National Electric Engineering Company Limited (“CNEEC”) and its wholly owned subsidiary, China Electric...
World Bank Announces ‘Mission Billion Challenge’ Winners
Leaders from around the world—including H.M. Queen Máxima of the Netherlands in her capacity as UNSGSA, the President of Estonia, and Ministers from Indonesia,...
A framework agreement of cooperation between IsDB and Standard Chartered Bank
IsDB President Dr. Bandar Hajjar and M. Sunil Kaushal, CEO for Africa and Middle East, Standard Chartered Bank (SCB), signed a Memorandum of Agreement...