World Bank group

Huawei said on Jan. 30 it has initiated arbitration proceedings against Sweden under the World Bank Group after the Nordic country banned the Chinese tech giant from rolling out its 5G products.

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is investing RON 293.5 million (the equivalent of approximately $72 million) in RON-denominated senior non-preferred bonds placed by Raiffeisen Bank SA (RBRO), IFC said in a statement on Monday.

The World Bank is a key partner for Romania, both by the impact of financing for sectoral reform projects and by the benefits of receiving the banking institution's expertise in these areas, Finance Minister Alexandru Nazare told an online meeting on Monday with World Bank Group representatives.

The European Bank for Reconstruction and Development (EBRD) on May 20 announced a $55 million loan to Garanti BBVA, the second-largest private lender in Turkey.

The names of the winners in the traditional 2019 Personality in the News Awards became clear.

The winners were selected by the NoviniteGroup team after active and careful research of the most accomplished and significant personalities in the news stream in 2019, who contributed to the positive image of Bulgaria around the world.

The Deputy Minister of Economy Lilia Ivanova and Fabrizio Zarcone, Permanent Representative of the World Bank Group for Bulgaria, the Czech Republic and Slovakia held a meeting at which they agreed on a partnership between the Ministry of Economy and the World Bank Group.

The Executive Board of the International Monetary Fund (IMF) today selected Kristalina Georgieva to serve as IMF Managing Director and Chair of the Executive Board for a five-year term starting on October 1, 2019. Ms. Georgieva, who succeeds Christine Lagarde, is the first person from an emerging market economy to lead the IMF since its inception in 1944.

Prime Minister Viorica Dancila held a meeting on Monday with representatives of the World Bank in New York, during her working visit to the United States, at the end of which was signed the Loan Agreement aimed at increasing the citizens' access to public primary health care services and at promoting preventive medical services, especially in less developed areas, worth 500 million euros.

The International Monetary Fund has announced that it has approved a change in its statutes to remove the age requirement for the position of managing director, which removes the last obstacle to the nomination of Bulgarian Kristalina Georgieva, France Press reported.

The International Monetary Fund said on Wednesday its executive board recommended the removal of the age limit for its managing director, a move needed for European nominee Kristalina Georgieva to be approved for the job.