Skip navigation

Iran denies missing World Bank payments, blames sanctions

DUBAI (Reuters) - Iran denied on Sunday it had failed to make payments on its loans to the World Bank for the last six months, blaming Western sanctions for preventing an intermediary from forwarding funds to the global lender, Iran's IRNA state news agency said. Full story

World Bank says received no payments from Iran in six months

WASHINGTON (Reuters) - Iran has not paid back any of its loans to the World Bank for more than six months, the bank said on Thursday, a further sign of the strains on the sanctions-hit Iranian economy. Full story

News Summary: Philippines gets $300M grant

POVERTY GRANT: The World Bank has released a $300 million development loan to the Philippines to support the government's poverty reduction efforts. Full story

World Bank chief says hopes to continue Egypt programs

SANTIAGO (Reuters) - The World Bank hopes to continue its programs in Egypt following the military ousting of the country's first democratically elected leader, bank president Jim Yong Kim said to reporters on Thursday during a visit in Chile. Full story

World Bank lowers outlook for Indonesia economy this year

JAKARTA (Reuters) - The World Bank on Tuesday lowered its forecast for economic growth in Indonesia this year due to a slower-than-expected recovery in exports, a weaker outlook for foreign investment and softer commodity prices. Full story

World Bank to help developing nations cope with rising rates: Kim

WASHINGTON (Reuters) - The head of the World Bank said on Tuesday that the global lender stands ready to help developing countries cope with a rise in interest rates as a result of the U.S. Federal Reserve's plan to scale back its stimulus program. Full story

Sponsored Links

Articles

World Bank watching Fed, ready to respond

World Bank, U.N. join hands in conflict zones but face hurdles

Emerging markets at risk when loose policies end: World Bank

World Bank cuts growth outlook as world enters 'new normal'

World Bank keeps business friendliness rating despite criticism

World Bank says poor nations to boost spending on nutrition

World Bank pledges $1 billion to aid peace in Africa's Great Lakes

World Bank sees progress in some of the most fragile countries

Global finance officials endorse World Bank target to end poverty

World Bank looks to lure investors into conflict-hit states early on

Video

  U2's Bono Worried About the Cliff

Bono voiced his concerns on the fiscal cliff during a discussion with the World Bank president yesterday. Mad Money host Jim Cramer says "Steve Jobs wanted Bono economically in his corner."

advertisement | ad info

Related Photos

International Monetary Fund (IMF) Managing Director Christine Lagarde talks to Mahmoud Mohieldin, Special Envoy for the President of the World Bank in Moscow
International Monetary Fund (IMF) Managing Director Christine Lagarde talks to Mahmoud Mohieldin, Special Envoy for the President of the World Bank in Moscow

International Monetary Fund Managing Director Christine Lagarde talks to Mahmoud Mohieldin, Special Envoy for the President of the World Bank, as they participate in the G20 finance ministers and central bank governors' family photo in Moscow, July 20, 2013. The Group of 20 nations put growth ahea

IMFC Chairman Tharman Shanmugaratnam speaks at a news conference during the Spring Meeting of the IMF and World Bank in Washington
IMFC Chairman Tharman Shanmugaratnam speaks at a news conference during the Spring Meeting of the IMF and World Bank in Washington

IMFC Chairman Tharman Shanmugaratnam speaks at a news conference during the Spring Meeting of the IMF and World Bank in Washington, April 20, 2013. REUTERS/Yuri Gripas

World Bank Director Jim Yong Kim attends a ceremony in Cliza
World Bank Director Jim Yong Kim attends a ceremony in Cliza

REFILE - REMOVING EXTRANEOUS WORD World Bank Director Jim Yong Kim attends a ceremony in Cliza, near Cochabamba, July 6, 2013. Members of Bolivian President Evo Morales' government and Kim met in Cliza to sign an agreement to develop agricultural projects, reported local media. REUTERS/Danilo Bald