Keywords: World bank


World bank warns of downside risks to India’s growth outlook

The World Bank has cautioned that risks surrounding India’s projected economic growth remain tilted to the downside, despite a generally stable macroeconomic environment. India’s economy is expected to grow by around 6.6% in the 2026–2027 fiscal year, maintaining its position among......

Western Balkans growth outlook improves on exports and investment

Economic prospects for the Western Balkans are expected to strengthen in the coming years, supported by rising exports and increased public investment, according to projections from the World Bank. The region—comprising Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and......

Developing economies in Europe and Central Asia face slowdown amid energy pressures

Emerging and developing economies across Europe and Central Asia are expected to experience slower growth this year, according to a new assessment by the World Bank. The report highlights the impact of rising energy prices, driven in part by geopolitical tensions in the Middle East, which have disrupted......

Turkish climate champion advances diplomacy in US ahead of COP31

As Türkiye prepares to host the 31st United Nations climate conference later this year, its designated climate envoy has intensified international outreach efforts in the United States. The upcoming summit, widely known as COP31, is scheduled to take place in November, with main events in Antalya......

China leads world's largest foreign currency reserve holders

China holds the top position among nations with the largest foreign exchange reserves, according to recent data from global financial rankings. The country boasts reserves exceeding $3 trillion, a figure that significantly outpaces its closest competitors and underscores its economic dominance on the......

Strikes paralyze Tehran's commercial districts

Shopkeepers in Tehran's Grand Bazaar and key commercial zones such as Lalehzar Street, Jomhouri, and the Shush wholesale district shuttered their stores on Sunday and Monday, bringing business to a standstill amid escalating economic discontent. Social media footage captured large crowds chanting......

World bank grants $4 million to strengthen climate resilience in Morocco

The World Bank has approved a grant of four million dollars to support Morocco’s efforts to strengthen climate resilience within its agro-food systems. The funding comes from the Livable Planet Fund and provides additional resources to an ongoing national program focused on transforming agricultural......

Morocco strengthens global standing with $1.77 billion World Bank financing

Morocco has secured $1.77 billion in funding from the World Bank’s International Bank for Reconstruction and Development (IBRD) during the 2025 fiscal year, positioning itself as the 8th largest IBRD borrower globally. This achievement underscores the country’s growing economic collaboration......

Morocco advances aquaculture with approval of 300 marine farms

Morocco has authorized 300 marine aquaculture farms, marking a significant step in the country’s efforts to develop its blue economy. Government spokesperson Mustapha Baitas announced the approval following the weekly Government Council meeting, where draft decree No. 2.24.830 was adopted. The......