World Bank

After Microsoft announced it would spend tens of billions of dollars to buy a video game company, World Bank President David Malpass on Jan. 19 drew a contrast between the deal and the amount of money rich nations have pledged to help poor countries facing higher debt loads.

"The jump in prices will continue at least until spring. The main driver for this is the high cost of energy. These are at least the forecasts of the IMF, the EC, the World Bank, and the EBRD." This was stated on Nova TV by the financier Associate Professor Emil Harsev.

Unfortunately, for the past 30 years, both international and Albanian leaders have often tipped the scales of justice to serve their respective political agendas.

More than half a billion people worldwide were brought to extreme poverty last year because they had to pay for health care themselves during the height of the Covid-19 pandemic, the World Health Organization and the World Bank said on Sunday.

International donors agreed to release $280 million in aid to Afghanistan, the World Bank has said, after repeated warnings that more than half the population face "acute" food shortages this winter.

Turkey would never be deterred from its production-, employment- and current account balance-oriented economic program, President Recep Tayyip Erdoğan has said on Nov. 26, addressing to citizens in the western province of İzmir.

World Bank Vice President for Europe and Central Asia Anna Bjerde welcomed the positive growth of Turkey's economy during the pandemic in 2020 but also warned against outcomes of the inflation trend from which the whole world has been suffering.

Saudi Arabia said on Oct. 29 it was recalling its ambassador to Lebanon and giving Beirut's envoy 48 hours to leave Riyadh, after "insulting" remarks made by a Lebanese minister on the Yemen war.

Turkey will spend the $3.157 billion from the Green Climate Fund, established to support climate actions in developing nations, for climate-friendly projects, President Recep Tayyip Erdoğan said on Oct. 28.

Interview: Dr Pierre Casse, Leadership Chair, IEDC-Bled School of Management; Professor, Moscow School of Management (Skolkovo-Russia) Author: Tina Drolc, MBA Dr Pierre Casse is the Leadership Chair at IEDC-Bled School of Management and a professor at the Moscow School of Management (Skolkovo-Russia).