World Bank

World Bank improves Georgia's GDP growth forecast

The Georgian economy is projected to grow 6% in 2021, 5% in 2022 and again 5% in 2023, says the June edition of the World Bank’s report Global Economic Prospects 2021. According to the latest GDP data of April …

Fadia M. Saadah: in Azerbaijan, human capital investments are the key to resilient growth in the era of COVID-19

By limiting access to health, education, social protection, and jobs, the COVID-19 pandemic threatens to reverse human capital gains in Azerbaijan. In a recently published report, Survive, Learn, Thrive: Strategic Human Capital Investments to Accelerate Azerbaijan’s Growth, the government of Azerbaijan and the World Bank identify the main challenges to building and activating human capital and put a spotlight on high-impact interventions that respond to constraints, Modern Diplomacy writes. Fadia M. Saadah, World Bank Human Development Regional Director for Europe and Central Asia, reflects on the success and challenges of the past, and opportunities for the World Bank Group to partner with the government of Azerbaijan in ensuring resilient growth, powered by human capital investments

World Bank sees subdued recovery in 2021

The global economy will experience a subdued recovery this year from the devastating pandemic, the World Bank predicted, but it warned that the near-term outlook is highly uncertain and growth could be imperiled if coronavirus infections and …

World Bank approves $300 mln loan for Pakistan

The World Bank has approved a $300 million loan for the execution of two projects in southern Pakistan, the bank's country director for Pakistan Najy Benhassine said. The loan will be used for the two projects aimed at building …

The remote hideout of the World Bank

Shimmering white and gracefully statuesque, the Mount Washington Hotel is a manmade anomaly among the raw wilderness of the surrounding White Mountains in remote northern New Hampshire. As BBC …