You searched for "world bank" (4 results found)

World Bank Lowers Growth Prediction for Russia’s Economy

  • 6 Jun 09:48

World Bank Lowers Growth Prediction for Russia’s Economy In another downgrade of its forecast for the growth of Russia’s economy, theWorld Banksaid on Wednesday it expects the Russian GDP to grow at a rate of 1.2% this year,Reutersreported. The financial institution held its 2020 and 2021 forecasts at 1.8%. Its latest revision — made in the twice-yearly Global Economic Prospects report — is still more optimistic than Russia’s own projection of 0.8 percent. The curtailed expectations parallel the World Bank’s downgraded forecast for global growth from 2.9 percent to 2.6 percent. Real GDP growth exceeded expectations in 2018, reaching 2.3 percent despite international sanctions. The bank had said. Read more...

Belarus to improve investment climate with EU and World Bank support

  • 11 Feb 11:00

Belarus to improve investment climate with EU and World Bank support Improving the business environment and strengthening entrepreneurship in Belarus are the main goals of two advisory programmes on private sector development, launched on January 31 by the European Union and the World Bank Group. “We aim to achieve concrete benefits for Belarusian enterprises by promoting sector competitiveness reinforcement initiatives, and by ensuring capacity building of various agencies including the Fund of Financial Support to Entrepreneurship, the National Agency for Investment and Privatisation, as well as the Public-Private Partnerships Center,” said Andrea Wiktorin, head of the European Union Delegation to Belarus. An EU-funded. Read more...

World Bank upgrades its forecast for the Russian economy

  • 18 Nov 10:55

World Bank upgrades its forecast for the Russian economy On Nov. 9, the World Bankreleasedits latest forecast for the Russian economy. The prediction was better than expected, showing the Russian economy shrinking by 0.6 percent in 2016, then rising by 1.5 percent in 2017 and by 1.7 percent in 2018. In June, the World Bank predicted that Russia’s GDP would fall by 1.2 percent in 2016. The latest World Bank forecast is close to the most recentestimatesby Russia's Ministry of Economic Development, which show the country's GDP shrinking by between 0.5 percent and 0.7 percent in 2016. According to the Bank’s report, Russia’s economic decline has slowed considerably due to growth in such. Read more...

World Bank improves forecast for Russian economy

  • 14 Jun 11:14

World Bank improves forecast for Russian economy There may be a light at the end of the tunnel for the beleaguered Russian economy; the World Bank’s latest forecastpredictsthe fall of GDP in 2016 to be 1.2 percent instead of the previously projected 1.9 percent. According to the bank, Russia's GDP will grow by 1.4 percent in 2017 and by 1.8 percent in 2018. The Russian economy is adjusting to the new environment better than expected, says Sergei Khestanov, an associate professor of the Department of Finance and Banking at the Russian Presidential Academy of National Economy and Public Administration. According to him, the free float of the ruble, which led to the devaluation of the national currency, has become. Read more...