The move was the latest victory for Syria’s new government as it attempts to stabilize the nation after a long civil war and decades of dictatorship.
Tag: World Bank
Saudi Arabia and Qatar to Pay Off Syria’s Debt to the World Bank
The countries agreed to cover $15 million owed to the lender as the new government in Damascus looks to rebuild the economy after the civil war.
Scott Bessent Accuses IMF and World Bank of ‘Mission Creep’
Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their missions.
Lebanon, Ravaged by Israel-Hezbollah War, Needs Changes to Unlock Aid
For years, the country has failed to enact financial and governance overhauls required by lenders. The recent fighting has made that problem urgent.
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.”
For Syria’s Economy, the Way Forward Starts With Sanctions Relief
Years of strife ruined the energy sector, battered the currency and strangled growth. The West must ease financial controls to help the economy, experts say.
Countries Weigh How to Raise Trillions for Climate Crisis at COP29
Low-income countries need at least $1 trillion a year to manage climate change. Donald Trump’s victory just made that more difficult, but options exist.
World Needs Much More Aid to Adapt to Climate Shocks, U.N. Says
A new report, urging rich nations to give more climate aid to poorer ones, comes as Donald Trump’s election throws global climate talks into disarray.
I.M.F. Says Inflation Fight Is Largely Over but Warns of New Threats
The International Monetary Fund said protectionism and new trade wars could weigh on growth.