World Bank

The International Finance Corporation (IFC), a member of the World Bank Group, has said it is helping finance a new tram line in Antalya, Turkey’s fifth-largest urban center, as part of an effort to help municipal authorities improve public transport and build a sustainable city.

Turkey's Treasury announced on Sept. 11 that the World Bank has lent a 350.9 million euro ($400 million) loan to the country as part of the Resilience, Inclusion and Growth Development Policy Financing (RIG-DPF) program.      

The World Bank Group and Turkey have renewed their partnership with the introduction of a new Country Partnership Framework (CPF) with a substantial amount of financing line late in August.

The 2018-2021 CPF for Turkey focuses on three core areas: Growth, inclusion and sustainability, read a World Bank Group statement, which was released on Aug. 30. 

The Industrial Development Bank of Turkey (TSKB) has committed to fund around $3.5 billion out of a total of $9.1 billion to initiate over 5 gigawatts of clean energy installed capacity in Turkey, a bank representative said on May 22.        

WASHINGTON - The positive marks Serbia has received for visible economic improvement are very encouraging, International Monetary Fund (IMF) delegation head James Roaf said at a meeting with Serbian Finance Minister Dusan Vujovic in Washington Friday.

The World Bank Group and the China-led Asian Infrastructure Investment Bank said on April 23 they agreed to deepen their cooperation with a framework for knowledge sharing, staff exchanges, analytical work, development financing and country-level coordination.

Narrowing the gap between rich and poor is key to avoiding a destructive rise in populism, German Finance Minister Wolfgang Schaeuble said on April 22 as he laid out a plan to boost private investment in Africa.

Zorana Mihajlovic spoke on Sunday with seven executive directors of the World Bank led by Werner Gruber, about reforms implemented in Serbia.

The World Bank's newly appointed chief executive gave a spirited defense of globalization during her first official visit to China, saying it had helped richer and poorer countries, and economic integration made it hard for any nation to walk away.

A top official at the International Monetary Fund (IMF) said on Tuesday there had been progress on Greece and the Fund would like to get to a situation where it could help Greece.

"Some progress has been made," David Lipton, first deputy managing director of the IMF, told reporters in Berlin. "We would like to be in a position to help Greece," he added.

[Reuters]