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WB
WB warns of global economic impact from escalating conflict in the Middle East
The conflict in the Middle East has so far had a relatively small impact on the global economy, but a wider conflict would draw in other countries.
WB activates emergency response to support Lebanon
The World Bank (WB) announced that it is redirecting funds originally intended for development programs in Lebanon to emergency aid for people displaced by the conflict.
General Secretary and President To Lam receives World Bank President Ajay Banga
General Secretary and President To Lam asked the World Bank to continue providing resources for Vietnam to implement potential, key, and breakthrough projects, associated with the task of renewing the growth model and restructuring the economy.
WB forecasts Vietnam's economy to grow 6.1% in 2024
Vietnam's economic growth is expected to accelerate in 2024, driven by a recovery in manufacturing exports, tourism, consumption and investment, according to a new World Bank (WB) report released on August 26.
WB recommends increasing special consumption tax on alcohol to 155%
The World Bank (WB) recommends imposing a special consumption tax on beer and alcohol of up to 155% or adding an absolute level to ensure health goals.
WB raises global economic growth forecast for 2024
The World Bank (WB) on June 11 raised its forecast for global economic growth, thanks to stable consumer spending in the US, but warned that growth remained weak compared to historical levels.
World Bank proposes to lend Vietnam more than 11 billion USD in the next 5 years
Prime Minister Pham Minh Chinh welcomed the World Bank's proposal to lend Vietnam about more than 11 billion USD for about 20 projects in the next 5 years.
WB warns of Palestinian financial collapse
The Palestinian Authority is facing a possible financial collapse, as revenues dry up and economic activity declines rapidly amid the escalating conflict in Gaza, the World Bank said on May 23.
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