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Tag Archives: World Bank

EU not encouraged by Taliban behaviour

The European Union foreign policy chief said on Sunday the Taliban government’s behaviour up to now was “not very encouraging”, and any economic collapse in Afghanistan would raise the risk of terrorism and other threats. Josep Borrell, speaking at a joint news conference with his Saudi Arabian counterpart, also said …

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Hariri hands list proposed cabinet to Lebanese president

Lebanon’s prime minister-designate Saad Al-Hariri said on Wednesday he had presented a cabinet proposal to President Michel Aoun and is awaiting his response on Thursday, in a move that could end almost nine months of political deadlock amid an economic collapse. “Now is the moment of truth,” Hariri, who has …

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The economy of Uzbekistan is growing steadily

The latest edition of the World Bank’s Economic Update for the Europe and Central Asia region was released. The report contains the analysis of the situation in 23 economies of the region and forecasts related to their social and economic development in 2021 and 2022. It also covers the recent …

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Dr. Csicsery-Ronay Istvan on The Golden Mean between Local and Global SF

Emad El-Din Aysha: Dear Dr. Csicsery-Ronay Istvan. First please let me apologise for saying doctor. In Arabic countries we take such honorifics very seriously, even when speaking English. Secondly, please tell us something about yourself. Where you teach, your background? What drew you to science fiction and specifically non-Anglophone SF? …

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Uzbekistan’s economy is open for investors

Uzbekistan’s economic freedom score is 57.2, making its economy the 114th freest in the 2020 Index. Its overall score has increased by 3.9 points due to higher scores for investment freedom, financial freedom, and property rights. Uzbekistan is ranked 26th among 42 countries in the Asia–Pacific region, and its overall …

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The innovation system of Uzbekistan is being modernized

The World Bank (WB) supports Uzbekistan’s investment in research and commercialization of innovations. The World Bank’s Board of Executive Directors has approved $50 million for the “Modernization of the national innovation system in Uzbekistan” project. “The new project, supported by the World Bank, will help the government develop a national …

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Crowd Funding campaign launched in Lebanon to help poor families

The Global Compact Network of Lebanon (GCNL) launched a new campaign “الليرة بتشبع” in collaboration with the World Food Programme (WFP) Wednesday to support a two-month crowd-funding campaign. The campaign led by the private sector in Lebanon is in support of the National Poverty Targeting Program (NPTP). The NPTP is …

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Moody’s declares Lebanon ‘credit positive’

Lebanon’s possible pursuit of assistance from the International Monetary Fund and World Bank is credit positive and reduces the risk of extreme macroeconomic instability, Moody’s said on Monday. “Without technical and financial support from the IMF, World Bank and international donors, a scenario of extreme macroeconomic instability – in which …

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Oman’s economy seems to be in correction mode

Jasim Ali, Special to Gulf News The Omani economy is doing fine in the ongoing environment of continuing socioeconomic challenges. What’s more, multinational agencies are projecting improved performances in the medium-term for the sultanate on the assumption of stronger oil prices. Also, the preliminary projections for 2018 budget assume stronger …

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Lebanon approves first budget in a decade

Lebanon’s parliament approved the country’s first budget in more than a decade, restoring control over state finances and easing a long-standing political deadlock that has stifled development. After three days of deliberations, 61 members of parliament voted to pass the budget while four voted against and eight abstained, state-run National …

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World Bank plans financial aid for Syria’s neighbours

The Levant News — The World Bank is trying to put together a package of financial assistance for countries hosting refugees from Syria. Bank officials say there is a substantial financial burden being borne by Lebanon and Jordan. They are discussing help from rich countries and from Gulf nations. They say …

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IMF and World Bank warn of renewed Gaza violence

THE LEVANT – The World Bank and International Monetary Fund warned Tuesday that insufficient funding and political efforts to rebuild Gaza would make economic recovery almost impossible and lead to further violence. The warnings came three weeks after Israel and Hamas signed a ceasefire to end 50 days of conflict, …

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