World Bank

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 …

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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 …

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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 …

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World Bank expects Russia’s GDP to contract by 6% in 2020

The World Bank has worsened its outlook for the global economy in 2020, including worsening of the forecast for Russia’s gross domestic product (GDP) to a 6% contraction this year from a fall 1%, the World Bank said in its Global Economic …

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What's in gain in Doing Business ranking for Russia?

Russia has risen to the 28th position in the Doing Business 2020 rating of the World Bank and the International Finance Corporation from the 31st position it occupied last year. The WB said in the report that it happened thanks to …

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Azerbaijan ranks 34th in Doing Business 2020

Azerbaijan takes 34th place among 190 countries in Doing Business 2020 rating published by the World Bank. According to the WB report, Azerbaijan made improvements in areas of registering property, getting credit, protecting …

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World Bank: Russian economic growth forecast to 1%

The World Bank said it has lowered Russia’s economic growth forecasts for this year to 1% from 1.2%, revising down the country’s economic outlook for the fourth time so far this year. The World Bank’s revision of …

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Azerbaijan among TOP-20 states in Doing Business 2020

Azerbaijan is among TOP-20 countries with the improved 'Doing Business 2020' rating, published by the World Bank. According to the bank, Azerbaijan made it easier to do business in four areas measured by Doing Business: …

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"World Bank happy to partner with Azerbaijan"

The World Bank is happy to partner with the Azerbaijani government in implementing many reforms, Regional Director of the World Bank for the South Caucasus Mercy Tembon said. According to her, the cooperation …

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