The Assad dictatorship is out, but Syria’s economy is in chaos after a civil war and recent policy shifts. The situation is putting a damper on a typically festive season.
Tag: Banking and Financial Institutions
The World Bank Pivoted to Climate. That Now May Be a Problem.
The Trump administration’s deep cuts to clean-energy programs are raising concerns about U.S. commitments to the lender.
A $35 Billion Loan Project, Led by World Bank, Aims to Expand Electricity in Africa
Some $35 billion is aimed at building small solar sites in rural areas and other improvements. The World Bank chief called the project “foundational to everything.”
Ahead of Trump Presidency, the Fed Quits Global Climate Network
The central bank said it had decided to leave the network after the group’s work “increasingly broadened in scope.”
Tensions Rise Among Russia’s Elite as Economic Growth Slows
The slowdown is worrying for the Kremlin but not serious enough to significantly hobble its war effort.
COP29 Climate Talks in Baku, Azerbaijan, Are Teetering
Western countries are confronting demands for trillions of dollars to fight climate change and to cope with its worsening effects.
Why Oil Companies Are Walking Back From Green Energy
As leaders gather for a global climate summit, investors are rewarding oil giants like Exxon Mobil that did not embrace wind and solar.
Russia Raises Interest Rate to 21 Percent, Its Highest in Decades
Military spending and recruitment are causing the country’s economy to overheat, leaving regulators in a struggle to rein in rising prices.
G7 Finalizes $50 Billion Ukraine Loan Backed by Russian Assets
The economic lifeline is expected to be disbursed by the end of the year.
U.S. and Europe Agree to Finalize $50 Billion Ukraine Loan Backed by Russian Assets
Treasury Secretary Janet L. Yellen said an agreement was close. She also rebuked China’s lending practices and called for more debt relief.