Rappler's latest stories on world bank
Africa's most populous nation and biggest oil producer is battling to halt the spread of the coronavirus
India will be the largest beneficiary of the first wave of programs with a facility for $1 billion, followed by Pakistan with $200 million and Afghanistan with a little over $100 million
A report says two-thirds of the global population based in developing countries – excluding China – face 'unprecedented economic damage' from the crisis
A drastic slowdown in domestic consumption, public infrastructure delays, and postponement of private investments due to the coronavirus are seen to drag down growth in 2020
The World Bank says the coronavirus pandemic is causing 'an unprecedented global shock, which could bring growth to a halt and could increase poverty' across East Asia and the Pacific
'It is imperative at this moment to provide a global sense of relief for developing countries,' say the International Monetary Fund and the World Bank in a joint statement
'There is a lot more work to do,' says International Monetary Fund Managing Director Kristalina Georgieva
'This is not something that stops at national borders, we need to work together,' says International Monetary Fund spokesman Gerry Rice
The International Monetary Fund instructs its employees to work from home on Friday, March 13, as part of 'crisis preparedness efforts'
(UPDATED) The International Monetary Fund urges policymakers to help households and businesses through a 'coordinated, international response'
(UPDATED) 'At a time of uncertainty...it is better to do more than to do not enough,' says International Monetary Fund Managing Director Kristalina Georgieva
The funds, some of which are targeted to the world's poorest nations, can be used for medical equipment or health services, among others
'Given growing health concerns related to the virus,' the April 16 to 18 meetings of the International Monetary Fund and World Bank will be done in a 'virtual format'
While they have yet to receive a request for aid, the International Monetary Fund and World Bank 'have now developed contingency plans'
The World Bank has $18.7 billion earmarked for conflict-affected countries through its poverty-reduction grant arm
A study finds that World Bank 'aid disbursements to the most aid-dependent countries coincide with significant increases in deposits held in offshore financial centers'
The World Bank says it will revise its estimates downward 'for at least the first part of 2020,' as the novel coronavirus outbreak threatens global supply chains
If the epidemic reaches the same severity as the Spanish flu in 1918, it could cost the global economy between 1% and 10% of growth, says World Bank President Jim Yong Kim
The World Bank projects the global economy will grow by 2.4% in 2020. But forecasts for nearly every country are cut compared to previous estimates.
The late Paul Volcker was a hero for saving the Philippine peso during the worst economic crisis of the 1980s
The World Bank's cost estimate does not include longer-term effects of repeated exposure to haze, such acute respiratory illnesses, or lost school time after students and teachers were advised to stay home
'Why is the World Bank loaning money to China? Can this be possible? China has plenty of money, and if they don’t, they create it. STOP!' Donald Trump writes on Twitter
The World Bank has contributed a total of $1.26 billion to the Pantawid Pamilyang Pilipino Program since it first provided funding in 2010
The warning comes as anti-government demonstrators push on with rallies and hundreds of school children boycott classes
Global trade tensions and domestic politics spoil the Philippines' dream to be among Asia's economic juggernauts
The 5% increase in the total foreign debt of developing nations in 2018 is driven by a surge in Chinese debt
There is a need for massive investment in infrastructure and job creation in the coming years just to keep pace with Africa's growing population
'Despite its importance to the Ivorian economy and society, the cocoa sector is not playing its role as the engine of economic development,' says the World Bank
The World Bank approved a loan for Yolanda victims in 2013 but the Aquino administration did not hide this information
The World Bank says the effects of disasters in low- and middle-income nations are worsened by poor management of bridges, roads, and electricity grids
The World Bank says China's Belt and Road Initiative has the potential to boost trade and investment, but only if China and other nations make policy reforms
The greatest danger on the horizon is the prospect of worsening trade clashes between major world economies
Millions of people have fled the country as astronomical rises in the cost of consumer goods and broader economic woes have made food and basic supplies unobtainable for average people
Trade Secretary Ramon Lopez says the Philippines is aiming for a ranking higher than 95th, after accomplishing 33 out of 43 planned reforms
"To date, about three million people have been affected, with near total damage in the worst affected areas," says the World Bank
However, the IMF chief says: 'It's obvious that it's continued uncertainty and it does not resolve, other than by postponing what would have been a terrible outcome'
The World Bank provided dictator Ferdinand Marcos a curtain of international legitimacy behind which he and his cronies plundered the public till
The World Bank says the Philippines' delayed 2019 budget and El Niño are likely to hurt economic growth
The World Bank has been led by an American ever since it was founded in the aftermath of World War II. Will this change?
Jessica Ditto, the White House Deputy Director of Communications, says reports that Ivanka Trump 'is under consideration are false'
Growth of the world economy is expected to slow to 2.9% this year, and 2.8% in 2020, slightly below the previous forecast
World Bank CEO Kristalina Georgieva will serve as interim president upon Kim's February 1 departure
Under President Duterte's watch, we've gone down the global Doing Business ranking by 25 notches all in all – by far the largest decline in ASEAN
Watch the evening wRap with Quita Chuatico
The Philippine government rejects the findings, as Philippine finance and trade officials urge the World Bank to correct the 'inaccurate and understated findings'
According to the report, the number of poor worldwide is still 'unacceptably high,' while the fruits of economic growth are 'shared unevenly across regions and countries'
The world economy is still growing but faces an 'unprecedented' combination of threats, the International Monetary Fund warns during an annual meeting with the World Bank
World Bank CEO Kristalina Georgieva says the funds could be used for reconstruction and the country's disaster resilience efforts
Joko Widodo's offbeat reference to the wildly popular show draw applause from the audience attending the annual meetings of the International Monetary Fund and World Bank in Bali
If becoming an upper-middle income country was hard enough – it took us more than 3 decades to do that – becoming a high-income country (like Singapore or South Korea today) will be harder still