World Bank

World Bank trims Turkish, global growth forecasts

Citing tough winter conditions in the U.S. and the Ukrainian crisis, the World Bank has lowered its 2014 growth forecasts for the global economy, also darkening its view on the Turkish economy.

In its biannual Global Economic Prospects report, the World Bank slashed its Turkish growth forecast from 3.5 to 2.4 percent for this year, also trimming 2015 and 2016 estimations.

Beginning of assessment of needs in flood consequence repair

BELGRADE - The Serbian authorities initiated on Tuesday the assessment process concerning the needs in the repair of the consequences of recent floods, and it is being conducted in cooperation with the European Commission, World Bank and the UN, the European Commission and the Serbian government European Integration Office released.

Serbia to receive USD 1.8 mln donation from UN

BELGRADE - Serbia is to receive USD 1.8 million worth of financial assistance from the UN in the coming days, the UN Resident Coordinator in Serbia Irena Vojackova-Solorano said on Tuesday, noting that the money has been obtained from the Central Emergency Response Fund and that it is just the first part of the assistance.

Tuck: WB loan may approve USD 250 million in fall

BELGRADE – A World Bank (WB) loan of USD 250 million to support Serbia's budget resources could become available in September of this year, provided the Serbian government made every effort to tackle the problem of restructuring enterprises as soon as they can, Laura Tuck, WB’s vice president for Europe and Central Asia, has said.

UN experts warn of post-flood health risks

BELGRADE - The UN Resident Coordinator in Serbia Irena Vojackova-Solorano has presented to the Serbian government a report by a team of international experts that warns of health risks in the wake of the recent massive floods.

The UN experts warned of health risks, potential environmental risks as well as of damage caused to agriculture, the UN team in Serbia said.