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World Bank
Asean
One in four Indonesia firms evaded tax: World Bank survey
Tax evasions in Southeast Asia’s largest economy were likely influenced by the companies’ perception of a common practice in the system and administration.
December 16, 2024
Global Economy
World Bank raises record US$100 bil for aid to poorest nations
17 donor countries increased their pledges by 25%, measured in their own currencies, over the previous round, the bank said. 10 increased by 40% or more.
December 06, 2024
Environmental, Social and Governance
A US$12 bil climate fund is readying a rare bond issuance
The Climate Investment Funds, a US$12 billion fund inside the World Bank, is planning a roughly US$500 million bond issuance.
November 27, 2024
Capital markets
The world needs bigger and better financial firefighters
Financially distressed developing countries need a growth-focused approach to stabilising the economy without cutting essential public spending.
September 26, 2024
Global Economy
Africa has over US$1 trillion in sovereign debt, says UN agency
Climate change is eroding an average 5% of Africa’s GDP on an annual basis. Last year, it cost 15% of Mozambique’s GDP.
August 18, 2024
Global Economy
Briefs: US Fed signals one rate cut this year; Singapore economy expected to grow by 2.7% y-o-y in 2Q2024
In other news this week, the World Bank raised its forecast for global growth this year on strong US expansion.
June 13, 2024
Global Economy
World Bank raises global growth forecast on strong US expansion
Most of the improvement stems from the World Bank upgrading the US growth outlook
June 11, 2024
Global Economy
World Bank warns of slowing growth in East Asia amid China slump
China needs more than just 'conventional fiscal stimulus'
April 01, 2024
Environmental, Social and Governance
Singapore-backed carbon credits data platform CAD Trust launches 20-member user forum
Launched by IETA, the World Bank and Singapore, CAD Trust is a platform to share information about carbon credits and projects.
June 06, 2023
Environmental, Social and Governance
World Bank touts an ESG Bond it says is 'immune' to greenwashing
The proceeds of the five-year bond will be used to support the World Bank’s sustainable development activities globally.
February 23, 2023