Tag : World Bank

World Bank targets $10 billion climate aid for MENA by 2025
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World Bank targets $10 billion climate aid for MENA by 2025

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The World Bank has announced an ambitious plan to escalate climate financing in the Middle East and North Africa (MENA) region, aiming to allocate $10 billion by 2025. This commitment was confirmed by Meskerem Brhane,...
World Bank's revised outlook for East Asia reflects China's economic hurdles
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World Bank’s revised outlook for East Asia reflects China’s economic hurdles

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Amid concerns about China’s economic stability and diminished global demand, the World Bank has revised its growth projections for developing East Asia and the Pacific. The bank’s most recent assessment, unveiled in its Monday report...
Digital work revolution sees the world's gig economy expand by 12 percent
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Digital work revolution sees the world’s gig economy expand by 12 percent

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A recent World Bank report has revealed that the ‘gig economy‘ comprises an unexpected 12% of the global labor market, surpassing previous estimates. This sector offers substantial opportunities, especially for women and young individuals in...
India's vision for development appreciated in World Bank Group meeting
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India’s vision for development appreciated in World Bank Group meeting

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Eleven Executive Directors (EDs) of the World Bank Group, representing 95 countries, convened with Union Finance Minister Nirmala Sitharaman in New Delhi on Thursday. During their visit to India, they also explored Mumbai, Ahmedabad, and...
World Bank predicts 4.8 percent expansion in UAE's non-oil sector in 2023
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World Bank predicts 4.8 percent expansion in UAE’s non-oil sector in 2023

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The World Bank has released its projection stating that the United Arab Emirates (UAE) is expected to experience a robust growth of 4.8% in its non-oil sector in 2023, contributing to an overall GDP growth...
Global education targets hindered by $97 billion funding gap, UNESCO reports
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Global education targets hindered by $97 billion funding gap, UNESCO reports

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A recent UNESCO report has revealed that a $97 billion funding shortfall is standing in the way of countries reaching their 2030 national education targets. The study, titled “Can countries afford their national SDG4 benchmarks?”...