World Bank

[$] World Bank sees signs of LatAm bounceback

Financial Times 11 hrs ago

Latin America is showing early signs of emerging from the global economic crisis, although any recovery is likely to be 'slow' and "unsynchronised", according to the World Bank.

Mexico Recession to Add 4 Million to Ranks of Poor, Report Says

Bloomberg Jul 2

The number of Mexicans living in poverty will increase this year by more than 4 million people from 2008 because of the recession, according to the World Bank.

[$] Siemens Settles With World Bank

Wall Street Journal Jul 2

Siemens agreed to forgo bidding on World Bank projects and pay more than $100 million toward anticorruption campaigns as part of efforts to settle a bribery scandal.

Siemens Shut Out From World Bank Projects After Bribery Scandal

Bloomberg Jul 2

World Bank Approves Funding to Extend Affordable Communications Services

Cellular News Jul 1

The World Bank's Board of Executive Directors today approved an International Development Association (IDA) credit of US$151 million to extend access to affordable communications services to Malawi, Mozambique and Tanzania.

Mobile Phones the Single Most Powerful Way to Boost Rural Internet Services

Cellular News Jun 30

A new report from the World Bank Group finds that access to affordable, high quality internet and mobile phone services enables development across all levels of the economy and society.

Zelaya Seeks UN Help to Regain Presidency in Honduras

Bloomberg Jun 30

(Update1) Honduras’s deposed president, Manuel Zelaya, will appeal to the United Nations today to help him return to office after his supporters clashed with police last night in the capital, Tegucigalpa.

Crisis far from over: World Bank chief

Reuters Jun 30

World Bank President Robert Zoellick said on Tuesday that financial markets are showing signs of stabilization, but warned that the global crisis was far from over in developing countries.

Investment Into Emerging Nations to Rise 14%, World Bank Says

Bloomberg Jun 26

Foreign direct investment into developing nations will rise 14 percent to $440 billion next year as the global economy recovers from its worst recession in six decades, the World Bank said.

Soros Goes Long as World Bank Shorts Recovery: William Pesek

Bloomberg Jun 25

People don’t tend to make lots of money betting against George Soros.

Russia Facing Long Recession, World Bank Says

New York Times Jun 24

The bank’s new projection showed that the Russian economy would contract by 7.9 percent this year and not recover to precrisis levels until at least 2012.

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