World Bank

Vietnam's economic growth slowed in the first quarter of the year as exports slumped due to reduced consumer demand, authorities said yesterday.

The communist manufacturing hub's economy expanded by 3.32 percent in the January-March period, down from 5.05 percent in the same period of 2022.

From Zimbabwe, where many must work at night because it's the only time there is power, to Nigeria where collapses of the grid are frequent, the reliable supply of electricity remains elusive across Africa.

The electricity shortages that plague many of Africa's 54 countries are a serious drain on the continent's economic growth, energy experts warn.

The international community has collected slightly more than 6 billion euros for Türkiye and around 1 billion euros for Syria in a major donors' conference organized by the European Union to assist the victims of the Feb. 6 earthquakes and the reconstruction of 11 Turkish provinces.
 

A donors' conference to be jointly organized by the EU Commission and EU's term president, Sweden, will be launched on March 20 in Brussels to get pledges from the international institutions, financial bodies, countries and other relevant institutions for Türkiye and Syria, which have been severely hit by the earthquakes of Feb. 6.

WASHINGTON - The World Bank Board of Executive Directors approved on Friday a 27.7 mln euro loan to support Serbia in its effort to deepen and further develop its capital markets with a Catalysing Long Term Finance Through Capital Markets Project.

ADIYAMAN, Turkey - Beneath each fresh mound in this rapidly expanding graveyard lies a tragedy. One morning at dawn, Zeki Karababa told me about his.

Karababa's brother, Hamit; Hamit's wife, Fatma; and two children, Ahmet, 10, and Evra, 3, had been crushed when their apartment building crumbled in the earthquake.

But that was just the beginning.

The international community and the European Union should be generous in pledging financial support to Türkiye for the reconstruction of the country after two devastating earthquakes, a senior Turkish official has said, days before a donors' conference will be held in Brussels.

The World Bank is pausing talks over its future engagement with Tunisia following anti-immigrant comments made by the country's president, Kais Saied, according to an internal message to staff seen by AFP.

BELGRADE - Serbian Minister of Mining and Energy Dubravka Djedovic met with the director of the World Bank Office in Serbia Nicola Pontara on Thursday to discuss cooperation in the process of Serbia's energy transition.

Cyprus' Minister of Agriculture and Rural Development Costas Kadis and Deputy Minister of Tourism Savvas Perdios met with representatives of the World Bank on Thursday in order to formulate a tourism strategy for Cape Akamas.