World Bank

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World Bank lowers Russia's GDP forecast

The World Bank said it had lowered its forecast for annual economic growth in Russia this year to 1.4% from a projection in January of 1.5%. “A downgraded forecast for gross domestic product growth in 2019 reflects lower oil …

Georgia’s economy grows 3.5% in 2019

Georgia’s economy is growing steadily, according to the latest data from the National Statistics Office of Georgia (Geostat). The estimated real gross domestic product (GDP) growth rate in January 2019 equaled 3.5% …

World Bank to pick new president by mid-April

The World Bank Board would start accepting nominations for a new leader early next month and name a replacement for outgoing-President Jim Yong Kim by mid-April. The board of the Washington-based global development …

World Bank downgrades global economic growth forecast

The World Bank downgraded its global economic growth forecast to 2.9% from 3% in 2019 due to a decline in trade and investment. The World Bank’s January 2019 World Economic Outlook is titled 'Global Economic Prospects. Darkening …

World Bank: Georgia leads in fighting corruption

Georgia has reached a historic high in terms of effectiveness of corruption control and governance, according to the World Bank report 'Worldwide Governance Indicators'. Georgia scored 77.40% on Control of Corruption 100% scale, …