World Bank
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Russia-Ukraine war could cause global recession: World Bank chief
Washington: David Malpass, chief of the World Bank. has warned that Russia’s ongoing invasion of Ukraine could cause a global recession as the price of food, energy and fertiliser jump. He made…
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World Bank announces up to $30bn to address food insecurity
Washington: The World Bank has announced actions it plans to take as part of a comprehensive, global response to the ongoing food security crisis, with up to $30 billion in financing in…
- Business
Sri Lanka receives USD 160 million from World Bank
Colombo: Sri Lanka has received USD 160 Million from the World Bank and is looking at the possibility of using some of it to buy fuel, Prime Minister Ranil Wickremesinghe told Parliament…
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Poverty in Sri Lanka to spike this year, warns World Bank
Colombo: More Sri Lankans will slip into poverty this year, the World Bank has warned, as it urged the debt-ridden island nation to undertake urgent policy measures to address the high levels…
- Business
Ukraine war will slow down post-Covid recovery in South Asia: World Bank
Washington: The World Bank has said in a new report that the war in Ukraine will slow down South Asian countries recovery from economic devastation caused by the Covid-19 pandemic, though the…
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Ukraine war to result in 1.3 pc lower GDP growth for India, says World Bank
Washington: Russia’s war in Ukraine is likely to result in a significant 1.3 per cent lower GDP growth for India and 2.3 percentage point lower income growth, a top World Bank official…
