World Bank group

International Finance Corporation invests in Turkish hospital group's Bulgaria unit

The International Finance Corporation (IFC), a member of the World Bank Group, has invested 15 million euros in equity of Turkish hospital group Acıbadem's Bulgaria unit, Acıbadem City Clinic, to give a further boost to the group's growth in the Middle East and Balkans and to improve healthcare services in Bulgaria, the parties said in a statement on May 30. 

Turkish Islamic banks, Islamic Development Bank sign deal to finance giant projects

Officials from the Islamic Development Bank and the Turkish Islamic Banks' Association (TKBB) signed a cooperation deal for financing infrastructure projects on May 25, Reuters has reported. 

The agreement was inked at a TKBB general assembly in Istanbul. No further details were immediately available.

World Bank: Next pandemic could cost 'millions of lives, trillions of dollars'

The World Bank Group headquarters building in Washington, D.C. - Photo: Shiny Things / Flickr

In the wake of the deadly Zika and Ebola virus outbreaks, most countries are still completely unprepared for another potential pandemic, a new study has found, warning that a serious outbreak could result in "millions of deaths and cost trillions of dollars."

IFC, FMO invest in Finans Leasing to help boost energy efficiency in Turkey

The International Finance Corporation (IFC), a member of the World Bank Group, and the Dutch Entrepreneurial Development Bank (FMO) are providing a long-term loan to Finans Leasing, a leading Turkish leasing company and a subsidiary of QNB Finansbank, the institutions said in a press release on May 4. 

Vujovic to attend Spring Meetings of World Bank Group, IMF

BELGRADE - Serbian Finance Minister Dusan Vujovic will this week attend the 2017 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF) in Washington, his ministry announced Tuesday.

The meetings, officially slated for April 20-23, will bring together central bank governors, finance ministers and representatives of major financial institutions.

Despite Eurogroup 'breakthrough,' way forward remains unclarified

Despite the "breakthrough" at last Friday's Eurogroup in Malta, the deal struck between the government and its European Union partners remains unclear on several issues, not least the time frame of its implementation.

According to a government official on Monday, a time frame is not expected to be formulated until after Easter.