The World Bank

The World Bank has increased its support for Türkiye from $17 billion to $35 billion, providing an additional $18 billion of resources for the next three years, Treasury and Finance Minister Mehmet Şimşek has said.

BELGRADE - The World Bank has revised upward its 2024 GDP growth projection for Serbia from 3 pct to 3.5 pct.

At a presentation of the institution's regular economic report for the Western Balkans, World Bank Senior Economist Lazar Sestovic said the projection had been revised following an increase in investments that was expected to result in slightly stronger economic growth.

Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5 percent this year from 5.1 percent in 2023, the World Bank said in a report released on April 1. 

Today, the World Bank presents the report "Review of Public Finances in Bulgaria", which examines revenues, efficiency, and effectiveness of state expenditures in various sectors.

"Bulgaria has had a history of low deficit, low debt to GDP. So that part of the system has worked very well. We can say that the monetary and fiscal situation has worked well since July 1997, when we installed the currency board in Bulgaria. So, it's a big success. Now, the failure side was obvious to me when I was an advisor to President Stoyanov in 1997. And that is corruption.

MARRAKESH - Serbian Deputy PM and Finance Minister Sinisa Mali said on Thursday a Serbian delegation at International Monetary Fund-World Bank annual meetings in Marrakesh had been met with extremely positive reactions.

Mali also met with the Swiss Governor at the World Bank Guy Parmelin.

Climate change threatens to exacerbate conflict in fragile nations across the globe and lead to increased deaths, the International Monetary Fund (IMF) has said in a report. 

While climate shocks alone may not trigger new unrest, the IMF said, they "significantly worsen conflict, compounding fragility" such as hunger, poverty and displacement.

The United States has confirmed that it has ordered the evacuation of some staff and families from its embassy in Niger, less than a day after first reports that Washington was preparing the move.

BELGRADE - Serbian Deputy PM and Finance Minister Sinisa Mali said on Friday Serbia was a country with stable public finances and a serious and responsible economic policy focusing on people and better living standards.

BELGRADE - Serbian President Aleksandar Vucic thanked the French Development Agency and the World Bank on Friday for their huge support and funds provided to local self-government authorities in Serbia to enable them to bid for various projects.