• Thu. Apr 25th, 2024

World Bank

  • Home
  • IFC Appoints Imad N. Fakhoury as Regional Director for South Asia

IFC Appoints Imad N. Fakhoury as Regional Director for South Asia

IFC, a member of the World Bank Group, has appointed Imad N. Fakhoury as Regional Director for South Asia. Based in New Delhi, Fakhoury will spearhead IFC’s strategy and operations, while…

World Bank set to approve $700 mln for Sri Lanka next week -sources

(Reuters) – The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters,…

One-Third of the families receiving Samurdhi benefits not entitled to Samurdhi benefits – COPA

The Committee on Public Accounts (COPA) disclosed that almost 33% of the families receiving the Samurdhi benefit are families who should not be entitled to the Samurdhi benefit. According to…

Global Economy’s “Speed Limit” Set to Fall to Three-Decade Low – World Bank

The global economy’s “speed limit”—the maximum long-term rate at which it can grow without sparking inflation—is set to slump to a three-decade low by 2030. An ambitious policy push is…

New Early Childhood Development Centers Planned, with Support from IFC, Commercial Bank and Sarvodaya

To help meet demand for quality childcare services among employed parents in the Eastern Province of Sri Lanka, the International Finance Corporation (IFC), Commercial Bank of Ceylon (CBC) and Sarvodaya…

Pace of Reform Toward Equal Rights for Women Falls to 20-Year Low

The global pace of reforms toward equal treatment of women under the law has slumped to a 20-year low, constituting a potential impediment to economic growth at a critical time…

COVID-19’s Impact on Young People Risks a Lost Generation

 The COVID-19 pandemic caused a massive collapse in human capital at critical moments in the life cycle, derailing development for millions of children and young people in low- and middle-income…

 Presidential Task Forces Presents proposals  to enhance Sri Lanka’s rank in the Ease of Doing Business Index

Officials representing the 8 Presidential Task Forces established under the Presidential Secretariat to enhance the Ease of Doing Business in Sri Lanka recently presented the issues and proposals to the…

Debt-Service Payments Put Biggest Squeeze on Poor Countries Since 2000

The poorest countries eligible to borrow from the World Bank’s International Development Association (IDA) now spend over a tenth of their export revenues to service their long-term public and publicly…

Economic Reformist from Georgia Among Headliners at the Sri Lanka Economic Summit 2022

As Sri Lanka prepares to formulate and implement reforms that will enable economic revival, theSri Lanka Economic Summit 2022 organized by the Ceylon Chamber of Commerce will explorenecessary reforms and…