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World-Bank

Myanmar mulls IMF, World Bank loans as virus slowdown bites
SE Asia 10:45 am

Myanmar mulls IMF, World Bank loans as virus slowdown bites

The government has held discussions with the IMF, World Bank, Asian Development Bank and others, Aun...
World Bank to roll out $160b emergency aid over 15 months
Business 3 days ago

World Bank to roll out $160b emergency aid over 15 months

India will be the largest beneficiary of the first wave of programs with a facility for $1 billion, ...
Indonesia announces Rp 405 trillion COVID-19 budget, anticipates 5% deficit in historic move
Business 6 days ago

Indonesia announces Rp 405 trillion COVID-19 budget, anticipates 5% deficit in historic move

Indonesia will issue a government regulation in lieu of law (Perppu) that will boost state spending ...
World Bank calls for safety net, drastic action in Indonesia’s fight to contain COVID-19
Business 6 days ago

World Bank calls for safety net, drastic action in Indonesia’s fight to contain COVID-19

The World Bank has called on the government to prioritize financial incentives for households and bu...
COVID-19 to slash Indonesia’s growth to 2.1% as millions may slip into poverty: World Bank
Business 6 days ago

COVID-19 to slash Indonesia’s growth to 2.1% as millions may slip into poverty: World Bank

The World Bank has estimated that the COVID-19 pandemic will significantly slow Indonesia’s ec...
World Bank warns China growth could screech to a halt
Business 6 days ago

World Bank warns China growth could screech to a halt

Even in the best-case scenario, the region will see a sharp drop in growth, with China's expansi...
IMF, World Bank call for suspending debt payments by poorest nations
Business 1 week ago

IMF, World Bank call for suspending debt payments by poorest nations

The IMF and World Bank called on the Group of 20 nations to support the initiative for "all off...
Jokowi to join online G20 summit on COVID-19
World 1 week ago

Jokowi to join online G20 summit on COVID-19

The meeting is set to discuss measures to stave off a global economic recession and will include rep...
World Bank approves $300m loan to improve Indonesia's financial sector
Business 2 weeks ago

World Bank approves $300m loan to improve Indonesia's financial sector

The World Bank has approved the disbursement of a $300 million loan to support the development ...
World Bank adds $2b to funds available for coronavirus response
Business 2 weeks ago

World Bank adds $2b to funds available for coronavirus response

The change will give the World Bank’s International Financing Corp a total of $8 billion to su...
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