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Friday 9 June 2023 Dublin: 17°C

# World Bank

This week
4th June 2023 - 9th June 2023
# Global Economy
Latest World Bank report offers dim outlook for global economy in 2023
The bank’s latest Global Economic Prospects report, which it issued today, marks an upgrade from its previous forecast in January.
Last year
# Covid-19
World Bank approves billion dollar fund for developing countries to fight future pandemics
The fund was developed under the leadership of the United States, Italy and Indonesia.
# growth forecast
Global economy at risk of 'stagflation' sparked by Ukraine invasion, says World Bank
The combination of weak growth and rising prices could trigger suffering in poorer countries.
All time
# covid19
World Bank to fund Covid vaccine rollout in Lebanon
Lebanon has been logging some 5,500 cases a day since the start of the year.
# Akinwumi Adesina
Mary Robinson to lead investigation into head of African Development Bank
Akinwumi Adesina is accused by whistleblowers of corruption.
# Remittances
Minister writes to Grealish asking him to clarify 'apparent ethnic basis' of Nigerian money statement
The Galway West TD singled out Nigeria while raising questions in the Dáil about money being sent out of Ireland.
# Nigeria
World Bank says remittance estimates from Ireland to Nigeria are not reliable
There is an “urgent need” to improve such data collection, the organisation said.
# all on the table
This is where Ireland really ranks for setting up and running a business
The latest World Bank rankings are out – here’s where we stand.
Ireland really is the best small country in the world to do business*
*According to this report, which will make Enda Kenny happy.
# Giant Killers?
Does Ireland side with David or Goliath on the world stage?
A new report says it is the latter.
# Climate Change
Climate change 'will trap millions of people in poverty'
The World Bank has warned that shifting rain patterns will make droughts worse and leave other parts of Asia flooded.
# Earnings
Money repatriated abroad has fallen in the last six years
Statistics show that the amount of money earned in Ireland by migrants and temporary workers and then sent abroad has fallen since the Ireland’s economic downturn.
# World Bank
New World Bank president : Too few people know the problems we tackle
The Dartmouth College president was thought by some to be an unusual choice. He says that far too few people know the breadth of the problems the World Bank tackles.
# World Bank
Poorer nations facing 'tougher times' as China slows
World Bank warns that African economies may face a more difficult future as the Chinese economy begins to slow.
# Who Are Ya
Six things to know about the new president of the World Bank
He was a quarterback in school, has a medical degree from Harvard – and what’s his link to Arcade Fire?
# Malawi
Malawi swears in southern Africa's first female president
Joyce Banda is sworn in as Malawi’s head of state, ending two days of a power vacuum after Bingu wa Mutharika passed away.
# Malawi
Malawi confirms its president is dead
The government has declared ten days of mourning following the death of a president accused of human rights abuses in recent years.
# World Economy
World Bank warns of global growth slowdown
It could be worse than 2008.
# Venezuela
Tensions mount between Venezuela and United States
Hugo Chavez has welcomed Iran’s president onto Venezuelan soil and called for his country to leave a World Bank-affiliated body. Meanwhile, Washington has expelled Venezuela’s consul general in Miami.
# Cyber Attack
IMF hack attack 'the work of a foreign government'
The theft of data from the International Monetary Fund’s computer systems was ‘state-based’, Bloomberg sources believe.
# Hillary Clinton
Hillary Clinton 'in talks to quit White House for World Bank' - report
Reuters says the current US Secretary of State, former Senator and former First Lady is in line to take over in mid-2012.
G20 countries agree guidelines aimed at preventing future financial crises
Despite the agreement, it is not clear what repercussions there would be for countries whose finances contain dangerous imbalances.
# Optimism
Ireland: Good for a holiday, and good for business
The Emerald Isle is popular both with readers of Frommers travel guidebooks and the World Bank.
# Irish Economy
Ireland has turned a corner. No, really - S&P
Ratings agency Standard & Poor’s says the Irish economy will be quicker to recover than other European systems.
# Pakistan
Pakistan: Second wave of deaths forecast
World bank pledges $90 billion – but there are fears the money could go to the Taliban.