EconomyFeaturedWhat is stagflation? And how does it affect you?IFM CorrespondentJune 13, 2022June 13, 2022 by IFM CorrespondentJune 13, 2022June 13, 2022 The World Bank forecasted decade-long stagflation for the global economy.... Read more
EconomyFeaturedWorld Bank warns of 70s-style stagflation aheadIFM CorrespondentJune 9, 2022 by IFM CorrespondentJune 9, 2022 The global economy may endure decades of stagnant growth and high inflation, collapsing struggling post-pandemic economies.... Read more
EconomyFeaturedWorld Bank to give Sri Lanka $600 million in aidIFM CorrespondentApril 28, 2022 by IFM CorrespondentApril 28, 2022 The country was forced to default on some of its foreign debt commitments recently.... Read more
EconomyFeaturedUkraine to get $700 million as emergency aid from World Bank groupIFM CorrespondentMarch 8, 2022 by IFM CorrespondentMarch 8, 2022 The financial support comes in the form of loans, guarantees, and grants.... Read more
EconomyFeaturedGCC economies poised to grow 2.6% in 2021: World BankIFM CorrespondentDecember 3, 2021 by IFM CorrespondentDecember 3, 2021 The report mentioned that the growth will continue in 2022... Read more
EnergyFeaturedLow-income countries might see inflation as energy prices increase: World BankIFM CorrespondentOctober 26, 2021 by IFM CorrespondentOctober 26, 2021 Energy prices are expected to increase by more than 2% in 2022... Read more
EconomyFeaturedIFC invests $10.4 bn in the private sector of MENAWebAdminAugust 25, 2021 by WebAdminAugust 25, 2021 The funds will help thousands of small businesses gain access to finances, trading, and partnership... Read more
EconomyFeaturedGCC economies to grow by 2.2% this year: World BankWebAdminAugust 6, 2021 by WebAdminAugust 6, 2021 In 2020, the GCC countries saw a GDP contraction of 4.8% due to Covid-19 pandemic and lower oil prices... Read more
FeaturedFintechFintechOS bags $10 mn funding from World Bank to expand its businessWebAdminAugust 6, 2021 by WebAdminAugust 6, 2021 The funding comes as a part of the company’s latest Series B funding round that was announced in April this year... Read more
coverstoryEconomyMagazineHow can the world get back on its feet?WebAdminJuly 30, 2021August 2, 2021 by WebAdminJuly 30, 2021August 2, 2021 Vaccination is key for global economic recovery but vaccine disparity is now a growing concern that needs addressal... Read more